Reuters - Goldman in gender bias lawsuit blow


A federal judge on last week rejected Goldman Sachs' bid to dismiss two of the four female plaintiffs in a proposed class-action lawsuit accusing the bank of discriminating against women in pay and promotions.

Reuters reports that U.S. District Judge Analisa Torres in Manhattan said former vice president Mary De Luis' claims did not become moot when she resigned last May, after the bank allegedly retaliated for her role in the case by refusing to allow a transfer to Miami from Dallas unless she accepted a demotion.

The judge also said another ex-employee, former vice president Allison Gamba, had standing to pursue her claims even after Goldman left her without a job in August 2014 when it "divested itself" of her department.

Torres said a judge who previously oversaw the 6-1/2-year-old lawsuit misinterpreted a 2011 U.S. Supreme Court decision, Wal-Mart Stores Inc v. Dukes, in finding that former employees like De Luis and Gamba who sought "reinstatement" could not sue.

In an email, Goldman said it was "examining the implications of the latest ruling and will continue to contest this matter vigorously."

Hit the link below to access the complete Reuters article:

U.S. judge rejects Goldman Sachs' bid to narrow gender bias lawsuit

Democratic U.S. senator questions Deutsche Bank over Trump

Have something to tell us about this article?

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...