May 24, 2012
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In late February, federal appeals court allowed a case against Merrill Lynch from a group of 700 African-American stock brokers to go forward as a class action lawsuit. A lower court had ruled earlier that the case should not be treated as a class action suit.
The opinion, which was unanimous from the three-judge panel in the Seventh District Court of Appeals in Chicago, stated that the plaintiffs had sufficient stakes to pursue individual lawsuits against Merrill Lynch, but that keeping ...Read More
Posted in: Employment Law