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Goldman Sachs Women Get More Time to Arbitrate Gender Bias Cases

Nov. 4, 2021, 12:07 AM

More than 1,000 women who were suing Goldman Sachs Group Inc. over alleged gender discrepancies in pay and promotion decisions will get an extra eight months to file their arbitration claims after being fully excluded from the class, a federal judge in New York ruled Wednesday.

The women, associates and vice presidents at Goldman, sued the bank in 2010, and the class was certified in 2018 when there were approximately 3,320 class members. The court ultimately granted a motion by Goldman to compel individual arbitration with respect to about 1,150 class members who entered into agreements with arbitration clauses. The ...