Sexual harassment lawsuit in opposition to Goldman Sachs in June

Sexual harassment lawsuit in opposition to Goldman Sachs in June

A federal choose in New York has set June 5, 2023 as the beginning of a category motion lawsuit in opposition to the financial institution Goldman Sachs. The latter is accused by greater than 1,400 workers and ex-employees of sexist discrimination and harassment.

Attorneys for the plaintiffs, who’ve served as companions or vice presidents, filed court docket paperwork on Thursday containing damning testimony for the US funding financial institution, together with alleging seven felony sexual assaults (rape and tried rape).

The costs additionally embody not less than 75 instances of inappropriate habits within the office (touching, inappropriate feedback, request for intercourse) in addition to wage discrimination or refusal to advertise workers on the grounds of their intercourse.

Company tradition concerned

The plaintiffs’ attorneys denounce a company tradition conducive to sexist and misogynistic habits. ‘Goldman is conscious of those points and tolerates officers who have interaction in gender stereotyping, sexual harassment and/or gender favoritism,’ they write.

The info that shall be tried date again to July 2002 and span virtually a decade. The category motion was initiated from 2010.

‘Lastly breaking the glass ceiling’

“I hope this lawsuit will lastly assist break the glass ceiling for ladies on Wall Road and set a precedent for different industries the place gender discrimination is rampant,” mentioned Cristina Chen-Oster, one of many principal plaintiffs of the category motion, quoted in a press launch.

‘We should make clear practices that till now appeared untouchable,’ she added.

the snow financial institution

“The presentation of the accusations by the plaintiffs doesn’t replicate the truth of Goldman Sachs,” argued a spokesman for the financial institution. ‘Many of those fees are over 20 years outdated and have been introduced selectively, imprecisely and are incomplete,’ he continued.

“Discrimination, harassment and abuse are unacceptable to Goldman Sachs and end in sanctions after we determine them, together with termination,” the consultant added.

The financial institution declined to touch upon particular person instances ‘out of respect for these concerned’.


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