Goldman’s Sex-Bias Deal Is ‘Milestone’ for Women on Wall Street

A Goldman Sachs Group Inc. deal to pay $215 million to settle one of the biggest sex discrimination cases on Wall Street marks a monumental development that advocates say has the potential to usher in more gender equality in the financial industry.

The settlement is a victory for more than 2,800 female associates and vice-presidents who accused the financial service giant of systematically paying women less than their equally ranked male counterparts and denying them opportunities to move up from junior to senior roles.

The deal staves off a trial that was scheduled to begin next month. And courtroom proceedings ...