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Merrill Lynch must continue to defend against race discrimination class action after USSC refuses to hear its appeal

Yesterday, the U.S. Supreme Court refused to hear an appeal from Merrill Lynch over a race discrimination class action that a class of black stockbrokers filed against it. We previously reported on this case on February 24, 2012 when the Seventh Circuit Court of Appeals ruled against Merrill Lynch. Now that the Supreme Court has refused to hear Merrill Lynch’s appeal, the case will return to the trial court where it will be determined whether Merrill Lynch actually engaged in the racially discriminatory practices the class has alleged occurred.