Segal Group, Former Executive Reach Deal to End Age Bias Lawsuit

The Segal Group Inc. settled a lawsuit brought by a now-retired executive who claimed he was forced to leave so the consulting firm could bring in younger leadership.

Judge Jennifer H. Rearden dismissed the case Tuesday after the parties notified the US District Court for the Southern District of New York of a settlement. Ricardo DiBartolo, who was CFO of the New York-based consulting company, alleged Segal Group started sending his work to a younger outside consultant after CEO David Blumentstein joined the firm. Blumenstein allegedly disregarded DiBartolo’s advice, required him to include succession plans in his goal documents, and ...