Goldman Sachs 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 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 Kellyis 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.
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 Shanna Orlich, 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.
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