Posted On: April 20, 2012

Bankers Asset Management Inc. Settles Retaliation Lawsuit For $600,000

Bankers Asset Management, Inc., pays $600,000 to settle a racial discrimination and retaliation lawsuit. The multi-count discrimination lawsuit was filed by the Equal Employment Opportunity ("EEOC") on behalf of black job applications. In Illinois there are three races which qualify for racial discrimination under the law. Those are white, black and Asian. Hispanic is not considered a race but rather a national origin or ancestry for purposes of discrimination law. An experienced employment lawyer can help file your discrimination lawsuit and determine what to file under.

According to documents which have been made public the company retaliated against other employees and former employees for opposing or testifying about the racial discrimination. In some cases employees were demoted and one was even forced out of her job. To make matters worse, some were even sued in state court. I really can't believe this type of activity took place. You can see how the EEOC made this company pay and didn't allow them to continue this obscene practice.

“Excluding qualified individuals from job opportunities because of their race or in retaliation for exercising protected rights are fundamental violations of the laws we enforce,” said EEOC General Counsel David Lopez.