Though Alex and Ani's lawsuit sought $1.1 billion in damages, Bank of America made no payment to the jewelry company after its dismissal.
seeking $1.1 billion in damages and claiming the bank engaged in gender discrimination against the female-led company.
“Carolyn Rafaelian and the Alex and Ani leadership team are redoubling their efforts to make this iconic made in America, woman founded, charitable focused, meaningful purpose-run brand more successful than ever,” Dhillon said in a statement. “We are pleased that Alex and Ani has voluntarily withdrawn the lawsuit,” Halldin said in a statement. “Bank of America strongly disagrees with the allegations made in the lawsuit and continues to support credit worthy diverse businesses around the world. We look forward to continuing to work with Alex and Ani and the six other banks involved in the lending group.”that Bank of America served as administrative agent on the company’s credit facility for a group of seven banks.
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