Goldman Sachs agreed to pay $215 million to settle a long-standing gender bias lawsuit.
Goldman Sachs agreed to pay $215 million to settle a long-standing class-action lawsuit that alleges the finance giant systematically underpays and undervalues women.
The settlement, announced Monday, covers roughly 2,800 female associates and vice presidents employed in various divisions at Goldman, where men continue to outnumber women and predominate in senior roles. As part of the settlement, the firm will hire an"independent expert" to analyze its promotion and performance evaluation processes for the next three years, the company said in a statement.
Settlements are a go-to means of protecting Wall Street firms from bad publicity. Merrill Lynch in 2013 paid $160 million to Black financial advisers to settle a
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs to pay $215 mln to settle gender discrimination lawsuitGoldman Sachs Group Inc has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said.
Read more »
Goldman Sachs to pay $215 million to settle discrimination claims from female employees | CNN BusinessGoldman Sachs has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said.
Read more »
Goldman Sachs settles gender discrimination suit for $215 millionGoldman Sachs has agreed to pay $215 million to settle a years-long class action lawsuit that claimed the bank discriminated against women when it came to pay, performance evaluations and promotions. The lawsuit, which was initially filed in September 2010, was set to go to trial next month. The plaintiffs in the case are all women who worked for Goldman as an associate or vice president in the U.S. in its investment banking, investment management or securities divisions. The settlement covers about 2,800 female associates and vice presidents in Goldman’s investment banking, investment management and securities divisions.
Read more »
Goldman to pay $215 mln to settle gender bias suit from 2010Goldman Sachs Group Inc. and plaintiffs in a class action lawsuit over allegations of gender bias said Tuesday they reached a $215 million settlement in the...
Read more »
Goldman settles gender discrimination suit for $215 millionGoldman Sachs has agreed to pay $215 million to settle a years-long class action lawsuit that claimed the bank discriminated against women when it came to pay, performance evaluations and promotions.
Read more »