Black Merrill Lynch Brokers Lose Retention Bonus Discrimination Suit


The class action suit against Merrill was dismissed in another demonstration of judge Robert Gettleman's antipathy for the brokers' case.


Gettleman believes that the African-American advisors simply earned lower payouts because their overall production was lower.


The advisors argue that the firm's culture steered new accounts away from them, curtailing their ability to build their books.


Significantly, a similar suit against Merrill by female reps was settled out of court.



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