A group of several hundred black financial advisors who are suing Merrill Lynch for racial discrimination got good news on Friday as an appellate court ruled that they could proceed with their class action against the brokerage firm, reversing a lower court opinion denying certification. Even more significantly, the appellate panel agreed with the plaintiffs that in this case, the U.S. Supreme Court's ruling in Wal-Mart v. Dukes could be used to support class certification rather than deny it.
February 24, 2012 at 12:00 AM
1 minute read
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