Merrill Discrimination Suit Moves Forward After Failed Settlement Talks

Published Friday, September 08, 2006

The racial-discrimination suit against Merrill Lynch is under way again after settlement talks between African-American brokers and the firm came to a halt in early June. Stowell & Friedman, the Chicago-based law firm representing the plaintiffs, is collecting the data that it needs to present in an affidavit to the court before a judge can grant the case class-action certification. The law firm says it is collecting “tens of thousands of documents” from Merrill Lynch that include details about broker earnings by race, length of service and branch-office location. According to Mary Stowell, partner at the law firm, ...

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