A class action lawsuit alleging gender bias at Goldman is scheduled to go to trial next month lead plaintiff Cristina Chen-Oster, a former Goldman Sachs vice president, first filed a federal complaint against the bank in 2005-18 years ago-and has since been joined by 1,400 past and current Goldman employees. Meanwhile, Goldman Sachs is also seeking to pay around $200 million, to settle a much larger and older legal challenge, the Wall Street Journal reported yesterday. Now TCW and Tirschwell have “resolved their litigation pursuant to a confidential settlement agreement,” spokespeople for both parties told me. Tirschwell had alleged that her supervisor sexually harassed her and that the company fired her in retaliation for reporting it TCW had denied the allegations. Former TCW employee Sara Tirschwell has quietly settled her five-year-old lawsuit against the bond trading giant, before a trial that was scheduled to start Monday, I reported for Fortune this week. That was supposed to change this spring, as TCW Group and Goldman Sachs prepared to defend themselves in court against two high-profile and long-simmering lawsuits.īut once again, Wall Street has managed to avoid a public airing of employee complaints about sexism and harassment. Five years after #MeToo went viral, the financial industry has remained relatively untouched by any sort of visible reckoning over gender bias or sexual harassment.
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