Financial services firm Edward D. Jones & Co. has been ordered to pay $34 million to settle a racial discrimination class action lawsuit. The plaintiffs, a class of 800 current and former African American financial advisers, allege that the company routinely deprived them of profitable assignments. Class members also allege that due to their race, they were excluded from professional development opportunities.
In addition to paying the 8-figure settlement, Edward Jones will create a diversity, equity and inclusion council of financial advisers.
Were You The Victim of Discrimination at Work?
If you believe you have been discriminated against, contact a Grant & Eisenhofer attorney for a free consultation. Call us at (855) 244-2031 or use our online form to reach us.
Latest posts by Grant & Eisenhofer P.A. (see all)
- Breaking News: Maryland Child Sex Abuse Bill Signed into Law - April 12, 2023
- Maryland Bill Proposes Removal of Statute of Limitations on Child Sexual Abuse Claims - January 27, 2023
- Maryland Senator Supports Child Sexual Abuse Bill Extending SOL for Survivors - December 14, 2022