|Court:||United States District Court for the District of Massachusetts|
|Class Period:||4/1/2003 - 3/24/2009|
|Case Leaders:||John Rizio-Hamilton, Jeremy P. Robinson|
On May 18, 2007, Bernstein Litowitz Berger & Grossmann LLP and Major Khan LLC filed a race discrimination class action against Bank of America, N.A. (BOA) and Banc of America Investment Services, Inc. (BAI). The lawsuit, filed in the District of Massachusetts by five African-American current and former employees of BOA and/or BAI, alleges a pattern or practice of race discrimination in connection with promotion, compensation, training and mentoring, and the distribution of accounts and business opportunities. The lawsuit was filed on behalf of all African-Americans who were, are or will be employed at BOA or BAI as bankers and/or financial advisors between April 1, 2003 and the present.
On July 2, 2009, the parties filed the proposed settlement and joint motion for preliminary approval of the settlement with the Court. On July 15, 2009, the Court entered an order preliminarily approving the settlement. On November 18, 2009, the Court granted final approval of the Settlement, dismissing the action in its entirety, awarding Class Counsel its requested attorneys' fees and expenses, and approving the Plan of Allocation and Service Awards for the Named Plaintiffs. In its Final Judgment and Order of Dismissal, the Court also certified the Settlement Class and appointed Named Plaintiffs as the representatives of the Settlement Class, and Class Counsel as Class Lead Counsel with respect to the Settlement Class in this Action. The Court retained continuing jurisdiction over implementation of the Settlement, including the (i) non-monetary relief contained therein; (ii) any award or distribution of the Settlement Fund; and (iii) all other proceedings relating to the implementation and enforcement of the terms of the Settlement Agreement, including the various programmatic relief described therein.
Please click here to view the Final Judgment and Order of Dismissal.
- Events BLB&G Associate Brittney Balser to Speak on GAPPT Trustee School Panel, “What Happened to This Bank? An Investor’s Perspective on Bank Failures, Contagion, and Fraud” September 12, 2023 Learn More
- Events BLB&G Senior Counsel Catherine van Kampen to Moderate NJSBA CLE Webinar “What Lawyers Need to Know to Combat Antisemitism” September 8, 2023 Learn More
- News BLB&G Receives Approval of a Landmark $1 Billion Settlement for Shareholders in Wells Fargo Securities Class Action September 8, 2023 Learn More
- Awards BLB&G Senior Counsel Catherine van Kampen Recognized as 2023 Outstanding Volunteer by American Bar Association International Law Section August 25, 2023 Learn More
- Awards BLB&G Partner Katie Sinderson Appointed Co-Chair of Federal Bar Council Securities Litigation Committee August 23, 2023 Learn More