Law360, New York (September 21, 2016, 9:38 PM EDT) -- Bank of America Corp. has settled a discrimination case in which a female managing director portrayed the company’s office culture as a “bro’s club” that treated female senior traders as "second-class citizens."The one-paragraph-long stipulation of dismissal between Bank of America and Megan Messina signed on Wednesday by U.S. District Judge Lorna G. Schofield did not outline the terms of the deal that closes out the case, which cannot be brought again.Counsel for the parties could not be reached for comment on Wednesday.Messina, the co-head of Bank of America’s global structured credit products and credit asset financing division, charged... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Bank of America has settled a gender discrimination suit lodged by managing director Megan Messina. New York District Judge Lorna G. Schofield did not disclose details of the settlement, which was dismissed with a one-paragraph-long declaration. The case alleged that BofA’s “bro’s club” culture led executives to treat female senior traders as “second class citizens”.