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Home»Business»Goldman Sachs in talks to settle gender discrimination lawsuit -source
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Goldman Sachs in talks to settle gender discrimination lawsuit -source

May 4, 2023No Comments2 Mins Read
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FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly

NEW YORK (Reuters) – Goldman Sachs Group Inc is in talks to settle a class-action lawsuit that alleged widespread gender bias against women in pay and promotions, said a source familiar with the matter.

The move to settle the case comes roughly a month before the trial was set to begin.

The plaintiffs, former employees of the Wall Street bank, accused Goldman Sachs of systematically paying women less than men, and giving women weaker performance reviews that impeded their career growth.

Goldman has previously denied wrongdoing.The lawyers for Goldman Sachs, Sullivan & Cromwell, did not immediately respond to a request for comment. Lieff Cabraser Heimann & Bernstein LLP, lawyers for the plaintiffs, declined to comment.

The plaintiffs are led by Cristina Chen-Oster, Mary De Luis and Allison Gamba, who were Goldman vice presidents, and ShannaOrlich, who was an associate.

The Wall Street Journal reported earlier on the talks. The settlement amount could be “around a couple hundred millions of dollars,” the report said, attributing it to people familiar with the matter, adding that the sum could change.

Reporting by Saeed Azhar; Editing by Muralikumar Anantharaman

See also  China Pumps Tens Of Billions Into Key Industry Amid Tech War With US
Discrimination Gender Goldman lawsuit Sachs settle Source talks
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