Goldman Sachs has agreed to pay $215mn to settle a longstanding gender discrimination lawsuit brought by former female employees who said they were consistently underpaid and undervalued by male colleagues.
The settlement concludes a long-running legal case surrounding Goldman, which had underscored the struggle on Wall Street to diversify the finance industry’s workforce.
The two sides agreed to the settlement and will now forgo a trial that had been scheduled for next month in a New York federal court, lawyers for the women confirmed.
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