$215M Settlement Announced In 12-Year-Old Goldman Sachs Gender Bias Suit

Mealey's (May 10, 2023, 11:32 AM EDT) -- NEW YORK — A federal judge in New York on May 9 vacated a June trial date and stayed a class lawsuit by female employees accusing Goldman, Sachs & Co. and The Goldman Sachs Group Inc. (together, Goldman Sachs) of gender bias; the order was filed one day after the employees filed an unopposed motion seeking preliminary approval of a $215 million class settlement they say is “one of the most significant employment discrimination class action settlements” and will provide “substantial financial benefits” to nearly 2,900 female associates and vice presidents....