Goldman Sachs to pay $215M in gender discrimination suit to avoid trial

The New York Post
May 9, 2023

Goldman Sachs has agreed to pay $215 million to settle a long-running class-action lawsuit that claimed the bank systematically underpaid and under-promoted women — avoiding a potentially headline-grabbing trial that had been slated for next month.

The Wall Street giant struck the deal with lawyers representing 2,800 current and former female associates and vice presidents working in the investment banking, investment management or securities divisions, according to a press release late Monday.