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News Article Excerpt
  
April 3, 2008
Reuters, " Citigroup to pay $33 million in gender bias lawsuit"

Citigroup Inc (C.N) has agreed to pay $33 million to about 2,500 current and former female brokers at its Smith Barney unit to settle a three-year-old discrimination lawsuit, court papers show

The plaintiffs had accused Smith Barney in the original March 2005 complaint of preventing female brokers from competing fairly with men for new accounts, promotions and pay, and depriving women of equal training and sales support.

"The settlement has the potential to be one of the most innovative approaches in any settlement of this type," said Kelly Dermody, a partner at Lieff, Cabraser, Heimann & Bernstein LLP representing the brokers, in an interview.
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About Lieff Cabraser
Lieff Cabraser Heimann & Bernstein, LLP is a fifty-plus attorney law firm with offices in San Francisco, New York and Nashville.
Since 1972, Lieff Cabraser has successfully represented plaintiffs in class actions, group and individual cases in the fields of personal injury and mass torts, employment discrimination and unfair employment practices, antitrust, consumer protection, defective products, securities and investment fraud, environmental and toxic exposure, aviation disasters and civil and human rights.
Our comprehensive and diverse practice is unique among law firms that represent only plaintiffs. Learn more about our firm.
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LIEFF CABRASER HEIMANN & BERNSTEIN, LLP
E-Mail: mail@lchb.com
Firm Website: www.lieffcabraser.com
Notice: Lieff Cabraser attorneys provide legal advice and practice law for clients in federal district courts throughout the United States and in state courts where we are licensed to practice. In states in which our lawyers are not licensed to practice, we have affiliations with local attorneys who serve as co-counsel with our firm. Please read our disclaimer.
Copyright © 2008 Lieff Cabraser Heimann & Bernstein, LLP