© Reuters. FILE PHOTO: The brand for Goldman Sachs is seen on the buying and selling flooring on the New York Inventory Alternate (NYSE) in New York Metropolis, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly
NEW YORK (Reuters) – Goldman Sachs Group Inc (NYSE:) is in talks to settle a class-action lawsuit that alleged widespread gender bias in opposition to ladies in pay and promotions, mentioned a supply accustomed to the matter.
The transfer to settle the case comes roughly a month earlier than the trial was set to start.
The plaintiffs, former workers of the Wall Avenue financial institution, accused Goldman Sachs of systematically paying ladies lower than males, and giving ladies weaker efficiency critiques that impeded their profession progress.
Goldman has beforehand denied wrongdoing.The attorneys for Goldman Sachs, Sullivan & Cromwell, didn’t instantly reply to a request for remark. Lieff Cabraser Heimann & Bernstein LLP, attorneys for the plaintiffs, declined to remark.
The plaintiffs are led by Cristina Chen-Oster, Mary De Luis and Allison Gamba, who had been Goldman vice presidents, and ShannaOrlich, who was an affiliate.
The Wall Avenue Journal reported earlier on the talks. The settlement quantity may very well be “round a pair hundred tens of millions of {dollars},” the report mentioned, attributing it to individuals accustomed to the matter, including that the sum may change.
