Goldman Sachs to pay $215 mln to settle gender discrimination lawsuit

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Goldman Sachs to pay $215 mln to settle gender discrimination lawsuit
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Goldman 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

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photohas 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.

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.

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