Court Grants Final Approval to Historic $215 Million Settlement in 13-Year Old Gender Discrimination Case Against Goldman Sachs

The settlement represents the largest gender employment case settled before a plaintiffs’ verdict at trial, and one of the largest of any type of employment dispute As reported by Law360 (subscription) and other media outlets, on Tuesday, November 7, 2023, U.S. District Judge Analisa Torres granted final approval to a proposed $215 million settlement in

2023-11-10T20:12:06+00:00November 7th, 2023|Employment Law|

Lieff Cabraser Heimann & Bernstein, Outten & Golden, and Goldman Sachs Announce $215 Million Settlement of Long-Running Gender Bias Class Action

On May 8, 2023, the parties announced that Plaintiffs have reached an agreement with Defendants Goldman Sachs & Company LLC and The Goldman Sachs Group, Inc. (collectively, “Goldman Sachs”), in which Goldman Sachs will pay $215 million to settle a gender discrimination class action lawsuit, Chen-Oster v. Goldman Sachs & Co. LLC, No. 10-cv-6950-AT-RWL, pending

2023-05-09T15:10:24+00:00May 9th, 2023|Employment Law|

Anne Shaver Featured in Fortune Discussing the Longstanding Gender Bias Class Action Against Goldman Sachs

As highlighted in a feature article in Fortune, after an extraordinary 17 years, a gender class action lawsuit against Goldman Sachs is finally headed for trial in New York. All 1,400-plus class members are women who worked for Goldman as associates or vice-presidents, bringing class claims for discrimination in performance pay and promotion, with the named

2022-10-21T18:56:50+00:00October 21st, 2022|Employment Law|

Court Sets Trial Date in Longstanding Gender Bias Class Action Against Goldman Sachs; Judge Orders Unsealing of Class Evidentiary Record

Newly filed motion reveals 133 internal complaints of gender discrimination at Goldman and nine charges filed with EEOC; class comprises more than 1,400 current/former women vice-presidents and associates at Goldman who encountered discrimination over pay, promotion, and reviews NEW YORK (September 21, 2022) — A gender class action lawsuit against Goldman Sachs pending since 2010

2022-09-22T17:25:14+00:00September 22nd, 2022|Employment Law|

District Court Rejects Goldman Sachs’ Last-Ditch Attempt to Stop Long-Standing Gender Discrimination Class Action; The Certified Class Action Will Proceed to Trial

Judge Torres’ Order also agrees with plaintiffs on multiple evidentiary and expert testimony issues On March 17, 2022, District Court Judge Analisa Torres issued an Order in the ongoing Goldman Sachs gender discrimination case (originally filed in 2010) with significant positive ramifications for the plaintiffs and the Class. Most significantly:

2023-04-19T19:22:26+00:00March 18th, 2022|Discrimination, Employment Law|

Lieff Cabraser Files Brief as Counsel for Amici Curiae in Support of Plaintiff Investors in Securities Class Action Against Goldman Sachs

On March 3, 2021, Lieff Cabraser and Schnapper-Casteras PLLC filed an amicus brief in the Second Circuit Court of Appeals on behalf of two former U.S. Securities and Exchange Commission Chairs, four former SEC Commissioners, and numerous other former SEC officials, all voicing support of a class of investors fighting to remain certified in a

2021-05-10T23:21:41+00:00March 5th, 2021|Amicus, Securities Fraud|

Goldman Sachs Gender Discrimination Lawsuit Approaches Trial

After 13 years and more than 580 docket entries, the gender discrimination case against Goldman Sachs Group Inc. is moving ever closer to trial. Four women who previously worked for the global investment banking giant accused the company of workplace discrimination and gender bias, with the result of systematically denying women career opportunities they deserved.

2018-09-05T09:57:03+00:00September 5th, 2018|Employment Law|

Impact Fund Guest Blog – Anne Shaver on “Distinguishing Dukes: Another Victory For Employment Discrimination Class Actions”

Lieff Cabraser partner Anne B. Shaver has written a piece for the Impact Fund legal practitioner blog titled “Distinguishing Dukes: Another Victory For Employment Discrimination Class Actions.” The piece looks at the gender discrimination case Chen-Oster v. Goldman Sachs, No. 10-6950 (S.D.N.Y.), wherein the court recently certified a Rule 23(b)(3) class

2023-03-14T16:40:51+00:00May 30th, 2018|Commentary, Employment Law|

Bloomberg Initiates a New Podcast: How Companies Use Math to Make the Gender Pay Gap Vanish

Bloomberg’s newest podcast, The Pay Check, analyzes the human toll of getting paid less for the same work Media giant Bloomberg is starting a new podcast entitled “The Pay Check,” focusing on gender pay disparaties and their persistence in the workplace. Styled as an in-depth miniseries, the programs will also examine “the human toll of

2018-05-09T12:42:21+00:00May 9th, 2018|Employment Law|

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