Alex and Ani

Alex and Ani is a woman-run charm bracelet company based in Rhode Island. The founder, Carolyn Rafaelian, has brought a lawsuit against Bank of America, one of its lenders, alleging a violation of federal law for discriminating against a woman-led company. Alex and Ani filed its lawsuit in New York, seeking$1.1 billion in damages for claims based on gender bias. Alex and Ani claims that Bank of America falsely declared it defaulted on its loan in 2018, and stopped its line of credit. Alex and Ani claims this was to force it to return to the days that men were in charge of the company. Follow us for updates as the lawsuit unfolds.