Mitchell Pollack & Associates PLLC
Your Solution Starts With A Phone Call
866-400-7388

African American brokers settle race discrimination suit


In today's society, people may find it hard to believe that racial discrimination still occurs. Unfortunately, race discrimination occurs in many different areas of life including in the workplace. New York workers who face racial discrimination should know that employee laws are on their side when their employers aren't.

In a recent New York case, a settlement agreement has been reached between Merrill Lynch and a group of 700 black company brokers. This legal dispute has been going on since 2005 when only one in 75 brokers in the whole firm was black. Almost all of these African American brokers were considered poor producers, yet received little help from managers. Almost none of these black brokers were allowed to create teams or be team leaders in order to increase sales despite the fact that other white brokers had such arrangements.

The suit has raged on for eight years and has made its way through the federal courts. The brokers received class certification last year by the United States Court of Appeals for the Seventh Circuit. A trial had been set for January 2014, but will no longer be necessary.

While many of the terms of the settlement have not been released, the settlement is supposedly for $160 million. Any black broker or trainees that have worked for Merrill since 2001 will be eligible to share in this settlement -- some estimate that this could be as many as 1,200 people.

Every New York employee has the right to go to work without facing discrimination based on that person's race, religion, national origin or gender. When employees participate in wrongful workplace discrimination, compensation may be available. Like in the Merrill Lynch case, workers can be compensated when they are not hired, not promoted or otherwise left out solely because of their race.

Source: The New York Times, "Merrill Lynch in Big Payout for Bias Case," Patrick Mcgeehan, Aug. 27, 2013

No Comments

Leave a comment
Comment Information
Email Us For A Response

Ready To Resolve Your Legal Issues

You have a business to run. The team at Mitchell Pollack & Associates is ready to tackle your legal needs so you can focus on your responsibilities. Call 866-400-7388 or use our online contact form to schedule a meeting.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Tarrytown Office
150 White Plains Road
Suite 310
Tarrytown, NY 10591

Toll Free: 866-400-7388
Phone: 914-610-3418
Fax: 914-332-9191
Map & Directions

Mahwah Office
220 Franklin Turnpike
Mahwah, NJ 07430

Toll Free: 866-400-7388
Phone: 914-610-3418
Fax: 201-529-4400
Map & Directions