Sexual harassment lawsuit towards Goldman Sachs in June

Sexual harassment lawsuit towards Goldman Sachs in June

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

Legal professionals for the plaintiffs, who’ve served as companions or vice presidents, filed courtroom 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 at the least 75 circumstances of inappropriate habits within the office (touching, inappropriate feedback, request for intercourse) in addition to wage discrimination or refusal to advertise staff 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 interact in gender stereotyping, sexual harassment and/or gender favoritism,’ they write.

The details that might 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 girls on Wall Road and set a precedent for different industries the place gender discrimination is rampant,” stated Cristina Chen-Oster, one of many primary 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 costs are over 20 years previous and have been offered selectively, imprecisely and are incomplete,’ he continued.

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

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


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