Goldman Sachs to pay $215 million to settle discrimination claims from female employees | CNN Business

The plaintiffs, former employees of the Wall Street bank, accused Goldman Sachs\n \n of systematically paying women less than men, and giving women weaker performance reviews that impeded their career growth. The lawsuit was among the highest-profile cases targeting Wall Street’s alleged unequal treatment of women in litigation against many banks that stretches back decades.

“After more than a decade of vigorous litigation, both parties have agreed to resolve this matter. We will continue to focus on our people, our clients, and our business,” said Jacqueline Arthur, Goldman Sachs’ global head of human capital management. As part of the settlement, Goldman Sachs will also hire independent experts to conduct additional analysis on performance evaluation and gender pay gaps, the statement added.

Business Business Latest News, Business Business 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.
Source: Reuters - 🏆 2. / 97 Read more »