Goldman argues no pattern of gender-based pay and promotion disparities

Goldman Sachs on Wednesday attacked expert evidence offered by attorneys for former female employees in a U.S. federal sex discrimination lawsuit, arguing there was no pattern of gender-based pay and promotion disparities at the firm.

Reuters reports that in the first day of arguments in a case launched in 2010, a lawyer for two former Goldman employees said the Wall Street giant displayed a 'consistent' pattern of sexual bias, while the bank's attorney said such accusations were 'baseless.'

Cristina Chen-Oster, a former vice president at the firm, and Shanna Orlich, a former associate, together have accused Goldman of fostering a 'boys' club' atmosphere where work-related events were held at strip clubs.

The women are seeking class certification and monetary damages for claims that Goldman consistently under-paid women executives and gave them lower performance-review marks.

Hit the link below to access the complete Reuters article:

U.S. Court hears arguments on sex discrimination at Goldman Sachs

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