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DealBook » Mortgage Company Agrees to Settle Bias Case | GFI Mortgage Bankers agreed to pay more than $3.5 million to resolve allegations by federal prosecutors that it overcharged nonwhite borrowers, with nearly all of the settlement money going to 600 black and Hispanic borrowers, The New York Times reports.
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Hence, what is needed to settle the bias debate is some minimal (nonverbal) indication that this signal is no mere epiphenomenon but has a functional impact on the reasoning process.
Nascar says it has zero tolerance for bias and has responded by suspending, barring or firing people in various incidents and by privately settling the bias suit.
As a consequence, these companies are more vulnerable than ever to the sort of race discrimination lawsuits that have tarnished Bank of America, Merrill Lynch, Wal-Mart, Macy's, and Abercrombie & Fitch, all of which have lost or settled race bias claims brought against them by their employees and customers.
27 Merrill Lynch in Big Payout for Bias Case | Merrill Lynch has agreed to pay $160 million to settle a racial bias lawsuit that wound through the federal courts for eight years.
Merrill Lynch, one of the biggest brokerage firms on Wall Street, has agreed to pay $160 million to settle a racial bias lawsuit that wound through the federal courts for eight years, including two appeals to the United States Supreme Court.
A year after agreeing to pay $1.08 million to settle an employment bias lawsuit for firing a group of bellhops, mostly nonwhites, at the Mondrian hotel in Los Angeles, Ian Schrager Hotels has been sued by a valet company in San Francisco, which contends that its contract was terminated because of race.
The ten banks forced to pay $1.4 billion to settle charges they issued biased research will likely not see their credit ratings fall as a result of the settlement, even if it triggers lawsuits from angry investors, Standard & Poor's said Tuesday.
Mr. Jackson said he hoped that other companies that followed biased practices would settle rather than wage long court battles.
The judge ruled Blazer was "generally without credibility" and had fabricated his testimony; Fifa paid $90m to settle; Blatter called the remarks "very biased", and promoted Blazer to head of marketing.
Empirical evidence can help to sort through these possibilities, though perhaps not settle between them conclusively.[25] Bias-related doubt may be diminished if successful interventions can be developed to correct for epistemic errors caused by implicit bias.
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