Bank of America said a Managing Director who accused the bank of being a "bro’s club" and filed a gender-bias lawsuit only came up with the inflammatory term after meeting with her lawyers.
Bloomberg News reports that Megan Messina, 42, who’s been with Bank of America since 2007 and was made Managing Director in 2011, sued the company in May, saying she was paid substantially less than her male counterparts and that women were treated like second-class citizens. It’s the latest such claim on Wall Street, where several major financial institutions have agreed to multimillion-dollar settlements in the past decade.
In an answer to the suit filed late Friday, the bank rejected most of the allegations without further comment. However, it specifically denied the existence of a bro’s club, saying the term was never used by her supervisor or other managers and was invented by Messina and her lawyers.
The bank said Messina didn’t raise her concerns when she met with a senior executive and a human-resources representative and instead focused on dissatisfaction with her supervisor’s management style.
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