BlackRock Settles Discrimination Lawsuit With Former Employee

BlackRock Inc. said it settled a discrimination lawsuit with a former employee, at a time when the world’s largest asset manager has been publicly challenged about its commitment to equity and inclusion.

The firm, which oversees about $9 trillion, and the ex-employee, Brittanie McGee, agreed to resolve the suit, according to a court filing Thursday. McGee, who is Black, claimed she was discriminated against because of her race and passed over for promotions in the firm’s U.S. wealth advisory group. No terms were disclosed.

The claims were “dismissed with prejudice and without costs, expenses or attorneys’ fees being awarded to ...