Guess? Board Agrees to Settle Marciano ‘Personal Harem’ Case (2)

Guess? Inc. directors agreed to a settlement worth as much as $30 million to resolve claims they turned a blind eye to co-founder Paul Marciano’s harassment of the company’s models despite sexual misconduct allegations leveled by supermodel Kate Upton and others.

The board members agreed to an accord that calls for $22 million to be paid to settle a pension fund’s lawsuit alleging they allowed Marciano to treat the company’s models “as his personal harem” and failed to monitor the millionaire fashion designer, according to court filings. Guess? is suing its insurers for the remaining $8 million, according to ...