On March 30, 2010, three female employees launched a

class action A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class actio ...

gender discrimination Sexism is prejudice or discrimination based on one's sex or gender. Sexism can affect anyone, but it primarily affects women and girls.There is a clear and broad consensus among academic scholars in multiple fields that sexism refers primaril ...

lawsuit against

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...

and

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

. The suit, which was filed by Judy Calibuso, a Miami financial adviser in Merrill Lynch, and Julie Moss and Dianne Goedtel, former financial advisers at Bank of America, inculpated the companies of providing the male counterparts of the suing employees with "bigger bonuses and better opportunities". Filed in the US District Court in Brooklyn, it further detailed that one of the female employees was verbally scolded when she confronted the officials. The suit asked for "back pay", "unspecified damages" and "class-action status". In a statement, Shirley Norton, a Bank of America representative denied the accusations and labeled them as "false". On September 6, 2013, a settlement worth $39 million was reached between the parties. It sorted out statements claimed by around 4,800 current and former female financial advisers which claimed that "women were paid less than men, deprived of handling their fair share of lucrative accounts, and faced retaliation if they complained."

References

External links

Bank of America and Merrill Lynch Sex Discrimination Class Action Lawsuitarchived
by

Internet Archive The Internet Archive is an American digital library with the stated mission of "universal access to all knowledge". It provides free public access to collections of digitized materials, including websites, software applications/games, music, ...

Wayback Machine The Wayback Machine is a digital archive of the World Wide Web founded by the Internet Archive, a nonprofit based in San Francisco, California. Created in 1996 and launched to the public in 2001, it allows the user to go "back in time" and see ...

)
Calibuso v. Bank of America Corporation et al :: Justia Dockets & Filingsarchived
by

)
Women Employees Sue Bank of America and Merrill Lynch for Sex Discrimination
{Dead link, date=November 2018 , bot=InternetArchiveBot , fix-attempted=yes
archived
by

)
Emerging Issues Law Community , LexisNexisarchived
by

) Class action lawsuits Gender equality Bank of America United States lawsuits