Bank of America and a former managing director agreed to settle a lawsuit in which she accused the institution of being a "bros club" that favoured male employees.
Bank of America said a Managing Director who accused the bank of being a "bro’s club" and filed a gender-bias lawsuit only came up with the inflammatory term after meeting with her lawyers.
Goldman Sachs denied gender bias in compensation and tolerating a 'boys’ club' atmosphere of excessive drinking and strip-club trips as it sought to quash a bid to unite female associates and vice presidents in a class action for discrimination.
Goldman Sachs must turn over internal gender-bias complaints by female workers to lawyers representing women in a lawsuit alleging the firm discriminated against them in pay and promotions.
Goldman Sachs has persuaded a federal appeals court to rule that a female former managing director must pursue a gender discrimination lawsuit through arbitration rather than in court.