Goldman Sachs seeks to enforce arbitration in gender discrimination case

Investment bank says proposed class action shouldn’t proceed because of arbitration agreement

Like many employers—particularly in the wake of AT&T Mobility v. Concepcion—Goldman Sachs & Co. has an arbitration clause. And yesterday the investment bank made it clear that it wants to enforce it.

In 2010, three women who formerly worked at Goldman, including former managing director Lisa Parisi, sued their ex-employer, accusing the company of gender discrimination and having an “outdated corporate culture” in which men are favored over women when it comes to pay and promotions. The women’s suit sought class action status, punitive damages and other damages, as well as a change in Goldman’s policies toward women.

Ashley Post

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