United States: Goldman Sachs targeted by more than 1,400 sexual harassment complaints


AmericaGoldman Sachs has been targeted by more than 1,400 sexual harassment complaints

Bank of America is the subject of a class action lawsuit from hundreds of employees and former employees. The trial will begin on June 5, 2023.

The facts being tested date back to July 2002 and almost a decade back.

Getty Images via AFP

A federal judge in New York has set June 5 to begin a class action lawsuit against Goldman Sachs BankMore than 1,400 employees and former employees have been accused of gender discrimination and harassment.

“Goldman tolerates those in charge”

Attorneys for the plaintiffs, who served as partners or vice presidents, filed court documents Thursday that include seven counts of aggravated sexual assault (rape and attempted rape) incriminating testimony against the American investment bank. The charges include at least 75 cases of inappropriate behavior in the workplace (touching, inappropriate comments, solicitation of sex) and pay discrimination or denial of promotion based on employees’ gender.

Plaintiffs’ lawyers decry a corporate culture conducive to sexist and misogynistic behavior. “Goldman is aware of these issues and tolerates officers who engage in gender stereotyping, sexual harassment and/or gender patronage,” they write. The facts being tested date back to July 2002 and almost a decade back. The class action commenced in 2010.

Goldman Sachs headquarters in New York.

Goldman Sachs headquarters in New York.

Getty Images via AFP

“Vague and incomplete allegations”

“I believe this case will finally help break the glass ceiling for women on Wall Street and set a precedent for other industries where gender discrimination is rampant,” said Christina Sen-Oster, one of the lead plaintiffs in the class action. Press release. “We have to do transparent procedures that have seemed untouchable so far,” he added.

“The allegations made by the complainants do not reflect the reality of Goldman Sachs,” a spokeswoman for the bank told AFP. “Many of these allegations are more than 20 years old and are selective, inaccurate and incomplete,” he continued. “Discrimination, harassment and abuse are unacceptable at Goldman Sachs and are subject to disciplinary action, up to and including termination, when we identify them,” the representative added. The bank declined to comment on individual cases “out of respect for the victims”.

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