NEW YORK, Could 3 (Reuters) – Goldman Sachs Group Inc (GS.N) is in talks to settle a class-action lawsuit that alleged widespread gender bias in opposition to girls in pay and promotions, stated a supply acquainted with the matter.
The transfer to settle the case comes roughly a month earlier than the trial was set to start.
The plaintiffs, former workers of the Wall Avenue financial institution, accused Goldman Sachs of systematically paying girls lower than males, and giving girls weaker efficiency opinions that impeded their profession progress.
Goldman has beforehand denied wrongdoing. The legal professionals for Goldman Sachs, Sullivan & Cromwell, didn’t instantly reply to a request for remark. Lieff Cabraser Heimann & Bernstein LLP, legal professionals for the plaintiffs, declined to remark.
The plaintiffs are led by Cristina Chen-Oster, Mary De Luis and Allison Gamba, who had been Goldman vice presidents, and Shanna Orlich, who was an affiliate.
The Wall Avenue Journal reported earlier on the talks. The settlement quantity may very well be “round a pair hundred tens of millions of {dollars},” the report stated, attributing it to folks acquainted with the matter, including that the sum might change.
Reporting by Saeed Azhar; Enhancing by Muralikumar Anantharaman
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