Bank of America, Cantor Fitzgerald Accused of Racial Discrimination in Lawsuits Filed by Jack Mitchell, Jermaine James Respectively

Bank of America racial discrimination
Bank of America Sued for Racial Discrimination by Black Former Employee Jack Mitchell

Bank of America and Cantor Fitzgerald have been accused of racial discrimination in two lawsuits in New York, Reuters reports. Jack Mitchell, who is black, accused Bank of America of engaging in the practice of placing black employees at branches in low-income neighborhoods. Mitchell worked with Bank of America between 2007 and 2008. Mitchell claims he was fired in retaliation for complaining about the bank’s “racist practices.” He is reportedly seeking $10 million in damages.

Cantor Fitzgerald is being sued by Jermaine James, who is also black, alleging that in the four years he spent at the investment firm, colleagues made “monkey noises” when he was around and used the n-word on occasion. He also said that a manager responded to his complaints about being held back by suggesting he transfer to a branch where he could “be around his own people.” When he allegedly asked the manager to clarify the statement, the response was “black people.” James, who worked at Cantor Fitzgerald from 2004 to 2008, is asking to be rehired, as well as seeking back pay, bonuses, and punitive damages.

  • pelmo

    Because of idiots such as this many corporations are hesitant to hire black Americans. They get caught in the damn if I do and damn if I don’t situation.

    • Pelmo — I hate frivolous lawsuits that clog up the court system. I don’t understand why Jermaine James would want to go back to working at Cantor Fitzgerald since they allegedly treated him horribly. Too many crazy lawsuits, but I must say, there are instances in which racial discrimination occurs.