4 Financial Stock Stories Making Midweek Moves
Bank of America Corp. (NYSE:BAC): Current price $14.17
BofA’s Merrill Lynch division will pay $160 million to resolve a discrimination lawsuit brought by black financial advisers, according to an attorney representing the plaintiffs. Attorney Suzanne Bish said that the case, filed in 2005, was brought on behalf of one employee and swelled to up to 1,200 class representatives who “persevered through some long odds in this case.” In a Tuesday phone interview, Bish related that the agreement is set to be considered by a federal judge in Chicago on September 3.
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