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Court OKs class action against Merrill Lynch
Legal Newsline ^ | 2-28-12 | Michael P. Tremoglie

Posted on 02/28/2012 8:47:20 PM PST by Miami Vice

African-American brokers employed by Merrill Lynch can pursue racial discrimination claims in a class action.

The United States Court of Appeals for the Seventh Circuit, Chicago, on Feb. 24 reversed a District Court ruling, permitting the class action.

The plaintiffs say there were two companywide policies that are alleged to cause racial bias. One was ...

(Excerpt) Read more at legalnewsline.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events
KEYWORDS: financial; lawsuits; race; wallstreet

1 posted on 02/28/2012 8:47:21 PM PST by Miami Vice
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To: Miami Vice

More theft of OPM pulled off using a “court” instead of a gun. That’s become popular in this country during the Error of Obama.


2 posted on 02/28/2012 9:05:11 PM PST by FlingWingFlyer (It's time for the DemocRAT voter base to start paying their "fair share" of taxes.)
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To: Miami Vice
From the article, the last line:

Bank of America announced in 2008 a one trillion dollar, 10-year, affordable housing program aimed at minority individuals and families across the country.

A few years ago Bank of America funded and built a very large Section 8 gated apartment community near our subdivision. This project has resulted in vandalism, constant massive littering along streets and roads surrounding the apartment community, and a lowering of property values in the neighborhoods immediately abutting the complex. What that bank has done to white and mixed communities across the country in the name of "affordable housing" for minorities is absolutely despicable. This is the same bank that is deeply involved in cross-border cash transactions to Mexico, where it has programs in place which permit illegal aliens working under the table in the U.S. to inject non-taxed income earned in the U.S. directly into the Mexican economy.

3 posted on 02/29/2012 1:05:25 AM PST by 4Runner
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To: 4Runner

But it does show the extent to which corporate America has no ideology except money - and their own money not anyone elses.So anyone who says big business is conservative does not know what they are talking about.


4 posted on 02/29/2012 6:51:02 AM PST by Miami Vice
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