- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2023-05-09T18:14:00
Goldman Sachs agreed to pay $215 million to settle a class-action lawsuit that accused the bank of pay and advancement discrimination against female vice presidents and associates.
The bank and four female plaintiffs reached settlement, although the agreement still must be approved by the federal judge overseeing the case in U.S. District Court for the Southern District of New York, the plaintiffs’ counsel at law firm Lieff Cabraser Heimann & Bernstein announced in a press release Tuesday. A jury trial had been scheduled to begin June 7.
As part of the settlement, Goldman Sachs agreed to hire an independent expert to assess its performance evaluation process and gender pay equity.
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Goldman Sachs agreed to pay $425,000 as part of a settlement with the Financial Industry Regulatory Authority addressing allegations of reporting and supervision violations regarding more than 1 million over-the-counter options positions.
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