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Merrill Lynch hit with age discrimination lawsuit

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in Discrimination and Harassment,Human Resources

Lou Telerico, a former stockbroker for Merrill Lynch & Co. in Cleveland, has filed a lawsuit claiming the company forced him out after 30 years of service because of his age.

Telerico, 65, was the company’s top performer in Cleveland when company executives met with him in May of 2006 and told him they wanted him to retire.

For legal representation, Telerico chose the same law firm that won a $46.7 million verdict against Republic Services in a whistle-blower suit on age discrimination.

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