Friday, September 03, 2010

Four ex-BofA/Merrill advisers sue for gender bias

(Reuters) - Bank of America Corp was sued on Thursday in Manhattan federal court by four female financial advisers and trainees who accused the largest U.S. bank of mistreating and firing them because of their gender.

The women said they were let go fewer than four weeks after Bank of America bought their former employer Merrill Lynch & Co and after instances in which they had been deprived of work or treated differently because they were women.

According to the complaint, each was told "the economy" was the reason for their dismissals on January 26, 2009. On the same day, Merrill laid off 13 of 27 trainees in its Fifth Avenue office, including all seven female trainees, it said.

Bank of America spokesman Bill Halldin said the Charlotte, North Carolina-based company is reviewing the complaint. He added the bank "actively promotes an environment where all associates have the opportunity to succeed."

The plaintiffs' law firm had no immediate comment.

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