Goldman Sachs Agrees to Settle Gender Discrimination Lawsuit for $215 Million

Goldman Sachs Group Inc has agreed to pay $215 million to settle a long-running class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said.

The plaintiffs, former employees of the Wall Street bank, accused Goldman Sachs of systematically paying women less than men, and giving women weaker performance reviews that impeded their career growth.

The lawsuit was among the highest-profile cases targeting Wall Street’s alleged unequal treatment of women in litigation against many banks that stretches back decades.

Read the source article at finance.yahoo.com