On September 15, 2010, Outten & Golden LLP, together with our co-counsel Lieff, Cabraser, Heimann & Bernstein, LLP, filed a class action complaint in New York district court against Goldman Sachs on behalf of three highly credentialed women. The lawsuit accuses Goldman Sachs, a leading global investment banking, securities and investment management firm, of engaging in a pattern and practice of gender discrimination against its female associates, vice presidents, and managing directors. The women allege violations of federal and city laws, including Title VII of the Civil Rights Act of 1964 and the New York City Human Rights Law.
Plaintiffs filed their motion for class certification on May 19, 2014, a public copy of which appeared on the docket on July 1, 2014. Defendants filed an opposition on July 3, 2014, and Plaintiffs filed a reply on July 24, 2014.
In April of 2017, District Court Judge Analisa Torres granted plaintiffs’ motion to amend their complaint and add new representative plaintiffs, denied Goldman Sachs’ motions to dismiss the new plaintiffs’ claims, and ordered the parties to submit proposals by April 26, 2017, on a process for addressing Magistrate Judge Francis’ March 2015 Report and Recommendation on class certification.
On March 30, 2018, District Court Judge Analisa Torres issued an order certifying the plaintiffs’ damages class under Federal Rule of Civil Procedure Rule 23(b)(3). Judge Torres certified plaintiffs’ claims for both disparate impact and disparate treatment discrimination, relying on statistical evidence of discrimination in pay, promotions, and performance evaluations, as well as anecdotal evidence of Goldman’s hostile work environment. In so ruling, the court also granted plaintiffs’ motion to exclude portions of Goldman’s expert evidence as unreliable, and denied all of Goldman’s motions to exclude plaintiffs’ expert evidence. The Court appointed Cristina Chen-Oster, Shanna Orlich, Allison Gamba, and Mary De Luis as Class Representatives.
The certified Class consists of current and former female Associates and Vice Presidents employed by Goldman Sachs in the Investment Banking, Investment Management, and Securities divisions in the United States from September 20, 2004 through the resolution of the action, and in New York City from July 7, 2002 through the resolution of the action.
(*Prior results do not guarantee a similar outcome.)