Goldman Strikes $215M Deal In Long-Running Sex Bias Suit

May 9, 2023

Goldman Sachs has agreed to pay $215 million to wrap up a more than decade-old sex discrimination class action alleging its review metrics systematically disadvantaged female employees, staving off a trial that had been scheduled to start next month. 

The legal team behind a class of nearly 3,000 former and current female associates and vice presidents asked a New York federal court for approval of the settlement Monday, setting the stage for the resolution of a high-profile case that kicked off in 2010 and was scheduled to go to trial in early June.

“After almost 13 years of extensive and highly contested litigation, and less than two months before trial, the parties reached a $215 million settlement following several rounds of mediation over the long course of this case,” the class said in the request for approval.