In one of the largest pay discrimination settlements in history, Goldman Sachs has agreed to settle with 2,887 women who worked for the company during the applicable time periods. Under the agreement, more than 60 percent of the $215 million settlement would go to class members, and more than $79 million would go to attorneys’ fees and litigation expenses. The settlement also would require Goldman Sachs to modify its evaluation and promotion process, to retain an outside firm to validate specific performance evaluation and promotion processes, and to conduct annual pay equity analyses for three years.
Members of the Center for Workplace Compliance (CWC) can read more here.