Goldman Sachs will 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. Filed in 2010, the lawsuit was set to go to trial next month.
FILE - The logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange on July 13, 2021. Goldman Sachs has agreed Monday, May 8, 2023, 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, initially filed in September 2010, was set to go to trial next month. The plaintiffs in the case are women who worked for Goldman as an associate or vice president in the U.S. in the investment banking, investment management or securities divisions. “My goal in this case has always been to support strong women on Wall Street. I am proud that the result we achieved here will advance gender equity,” plaintiff Allison Gamba said in a prepared statement.
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