Bloomberg Law
May 12, 2021, 12:00 PM

Wall Street’s Grip on Secret Harassment Hearings Starts to Crack

Max Reyes
Max Reyes
Bloomberg News

Activists seeking to end secret hearings for harassment complaints against banks claimed a victory of sorts last month when they got almost half of Goldman Sachs Group Inc. shareholders to back their proposal.

But their path to ending forced arbitration on Wall Street is seen as long and arduous. Much of the finance industry, including Goldman, remains committed to settling disputes behind closed doors, and change is unlikely to pass easily through a divided Congress.

Investors holding 49% of Goldman’s shares voted for a measure calling on the bank to issue a report on how mandatory arbitration for sex harassment ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.