George McReynolds, a Merrill employee for 28 years, and upwards of 700 current and former brokers can pursue a class action suit alleging that the brokerage firm relegated black employees to lower-level positions and created a hostile working environment. Last year, U.S. District Judge Robert Gettleman ruled that there was not enough evidence to pursue the case. However, the 7th Circuit reversed the lower court’s ruling.
The brokers’ case is McReynolds et al v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 7th U.S. Circuit Court of Appeals, No. 11-3639.
For full article see: Court grants class action status to Merrill Lynch discrimination suit.
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