Law Forum : JPMorgan Will Pay $24 Million to End Lawsuit From Black Advisers

Clyde C Coger Jr

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JPMorgan Will Pay $24 Million to End Lawsuit From Black Advisers


https://finance.yahoo.com/news/jpmorgan-pay-24-million-end-090000691.html
...Six current and former employees at the largest U.S. bank filed what they asked to be a class action, alleging discrimination that’s “uniform and national in scope.” Instead of fighting it in court, the bank agreed to pay $19.5 million to the members of the class, according to Aug. 31 filings; it will also put $4.5 million into a fund that will back recruitment, bias training, a review of branch assignments and a coaching program for black advisers.



Max Abelson
Bloomberg


Signage is displayed outside a JPMorgan Chase & Co. office building in New York, U.S., on Wednesday, April 11, 2018. JPMorgan Chase & Co. is scheduled to release earnings figures on April 13

 

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