$30M DEI Lawsuit Alleges Comerica's Program Violates Law Ahead of Fifth Third Acquisition: Fett & Fields, P.C.

Rhea-AI Summary

{"summary":"","positive":[],"negative":[],"faq":[]}

News Market Reaction

-2.15%

1 alert

-2.15% News Effect

On the day this news was published, CMA declined 2.15%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Claimed damages: >$30 million Promotion denials: Nearly 30 promotions Case period length: Five-year period +2 more

5 metrics

Claimed damages >$30 million Damages sought in DEI discrimination lawsuit

Promotion denials Nearly 30 promotions Promotions plaintiff alleges were denied over case period

Case period length Five-year period Timeframe over which promotions were allegedly denied

Business units at DEI goals 100% of business units Reported as meeting DEI performance goals for multiple years

Acquisition closing date February 1, 2026 Scheduled closing date of Fifth Third acquisition cited in article

Market Reality Check

Price: $90.32 Vol: Volume 1,255,576 is below...

normal vol

$90.32 Last Close

Volume Volume 1,255,576 is below 20-day average 1,579,427 (relative volume 0.79) ahead of this headline. normal

Technical Shares trade above 200-day MA 70.56, about 4.71% below 52-week high 99.41 and well above the 48.12 52-week low.

Peers on Argus

CMA was up 0.55% pre-news, while close peers were mixed: ONB up 0.7%, WTFC down ...

1 Up

CMA was up 0.55% pre-news, while close peers were mixed: ONB up 0.7%, WTFC down 1.01%, ZION down 0.47%, WAL down 1.7%, and COLB flat. Momentum scanner only flagged UMBF (+4.10%). This points to stock-specific factors rather than a broad regional-bank move.

Previous Acquisition Reports

1 past event · Latest: Oct 06 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Oct 06	Acquisition announced	Positive	+13.7%	Fifth Third all-stock acquisition with premium and accretive financial profile.

Pattern Detected

Prior acquisition news on Oct 6, 2025 triggered a clearly positive move of 13.68%, aligned with the favorable all-stock deal terms.

Recent Company History

Comerica’s trajectory has been dominated by its pending acquisition by Fifth Third. On Oct 6, 2025, an all-stock deal valued at $10.9 billion with an implied $82.88 per CMA share and a 20% premium was announced, producing a 13.68% one-day gain. Subsequent news through January 2026 confirmed shareholder and regulatory approvals and a targeted close around Q1 2026. Today’s lawsuit emerges just days before the planned February 1, 2026 closing, intersecting with this established acquisition path.

Historical Comparison

acquisition

+13.7 %

Average Historical Move

Historical Analysis

In the past 6 months, CMA had one major acquisition headline with a 13.68% move. This lawsuit now appears days before the same Fifth Third deal’s scheduled close.

Typical Pattern

The acquisition path ran from October 2025 deal announcement, through shareholder and regulatory approvals in early 2026, toward a planned close around February 1, 2026.

Market Pulse Summary

This announcement surfaces a major discrimination lawsuit seeking more than $30 million in damages a...

Analysis

This announcement surfaces a major discrimination lawsuit seeking more than $30 million in damages against Comerica’s DEI program just before the scheduled February 1, 2026 acquisition by Fifth Third. It follows an earlier all-stock deal announcement that produced a 13.68% move and subsequent merger approvals. Key factors to monitor include litigation progress, any disclosures in future regulatory filings, and whether the suit affects closing timing or post-merger governance practices.

Key Terms

DEI

1 terms

DEI technical

"alleges that the financial institution operates an unlawful Diversity, Equity, and Inclusion (DEI) program"

DEI stands for diversity, equity, and inclusion — the set of policies and everyday practices a company uses to hire people from different backgrounds, treat them fairly, and make sure everyone can contribute. For investors, DEI matters because a workplace that attracts wider talent, reduces discrimination-related risk, and fosters better decision-making can improve productivity, reputation, and long-term value—think of it like a diverse garden that is more resilient and fruitful.

AI-generated analysis. Not financial advice.

DETROIT, Jan. 28, 2026 /PRNewswire/ -- A significant employment discrimination lawsuit has been filed in the U.S. District Court for the Eastern District of Michigan against Comerica Incorporated (NYSE: CMA). The complaint alleges that the financial institution operates an unlawful Diversity, Equity, and Inclusion (DEI) program characterized by "Soviet-style" personnel controls and rigid demographic quotas.

The filing comes as Comerica prepares for its scheduled acquisition by Fifth Third Bancorp on February 1, 2026.

Allegations of Systematic Quotas

The lawsuit alleges that Comerica—led by CEO Curt Farmer, who is transitioning to Vice Chair at Fifth Third—established corporate-level quotas that bypass merit-based hiring. According to the complaint, senior management compensation and performance ratings are directly tied to the quota mandates.

The filing highlights a specific statistic from the company's internal reporting: 100% of business units met their DEI performance goals for multiple consecutive years. The plaintiff alleges this was achieved through:

• Centralized HR Control: Rigorous monitoring and mandates to ensure "preferred demographics" were selected for leadership roles.
  
  
• Outcome Manipulation: Adjusting job titles, qualifications, or performance ratings to align with quota requirements.
  
  
• Compulsory Compliance: Management accountability structures that penalized leaders who did not meet demographic targets.

Plaintiff Claims $30 Million in Damages

The Plaintiff, James Spilko, a White male and Vice President at Comerica, alleges he was denied nearly 30 promotion opportunities over a five-year period despite receiving exemplary performance reviews.

The lawsuit seeks damages estimated to exceed $30 million, citing violations of federal and state discrimination laws.

Attorney Statement

"Diversity is a laudable goal in employment and other aspects of life—as long as it is done legally," said James Fett of Fett Law, counsel for the plaintiff.

"Unfortunately, these illegal practices have been implemented throughout the country by some of the largest employers, and especially at the management level. Fortunately, though, the employers have been so brazen that evidence is often ample and publicly available."

He added, "not all DEI practices are illegal, but egregious practices like Comerica's can be found throughout corporate America."  

About Fett Law: Fett Law is a premier employment litigation firm based in Michigan, specializing in complex discrimination, harassment, and retaliation cases.

View original content:https://www.prnewswire.com/news-releases/30m-dei-lawsuit-alleges-comericas-program-violates-law-ahead-of-fifth-third-acquisition-fett--fields-pc-302673025.html

SOURCE Fett & Fields, P.C.