Merrill Lynch hit with age discrimination lawsuit — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

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.’s Cleveland operations, 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 a seasoned law firm: Haber Polk, LLP, the same team that recently won a $46.7 million age discrimination verdict against Republic Services Inc. in Ohio District Court. That verdict set a record for the state.

Looks like Merrill Lynch may be poised for a “correction.”

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