JPMorgan agrees to settle on sex discrimination suit

The banking giant has agreed to pay $1.5 million to 16 women who claimed sexual harassment in the workplace

A sex discrimination lawsuit has hit one of the U.S.'s largest banking firms in a rather humiliating stroke: JPMorgan Chase will shell out $1.5 million -- to be distributed among 16 women -- to settle charges of sexual discrimination. 

The women who filed the suit claimed that they were ostracized and taken off potentially lucrative sales calls as punishment for not embracing and engaging in sexually charged activity, according to CNN. And the U.S. EEOC has deemed the claim deserving of a court settlement. Instead of taking it to litigation, JPMorgan has agreed to settle. 

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Juliana Kenny

Juliana Kenny is a contributor to, covering a range of topics including patent litigation, conflict mineral laws, executive compensation, and antitrust regulation. Juliana earned B.A.s...

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