Goldman Sachs Settles Gender Bias Lawsuit for $215 Million

Goldman Sachs will pay $215 million to settle a class action lawsuit claiming discrimination against women in pay, performance evaluations, and promotions.
The settlement covers about 2,800 female associates and vice presidents in Goldman’s investment banking, investment management, and securities divisions.
The settlement includes a three-year period during which Goldman will work with an independent expert to perform more analysis on its performance evaluation processes and process for promoting individuals.
An independent expert will conduct additional pay equity studies, and the company will investigate and address any gender pay gaps where appropriate.
Goldman Sachs remains committed to ensuring a diverse and inclusive workplace for all its people.