Goldman Sachs pays out $215 million to settle claims it has underpaid female bankers for years

Former Goldman employee Christina Chen-Oster filed a lawsuit in 2010. Photo: court filing

The lawsuit was first filed by Christina Chen-Oster, an MIT graduate who joined the bank in 1997 and worked in its trading division.

She filed a discrimination complaint with the commission in July 2005, and filed a formal lawsuit in 2010.

p>

Allison Gamba, one of the plaintiffs, stated: “My goal in this case has always been to support strong women on Wall Street. I am proud that the result we have achieved here will promote gender equality.”

Last year, a former managing director of Goldman released a book about her work at the bank, which contained accusations of outright sexism and bullying. .

Jamie Fiore Higgins, who worked at an investment bank for 17 years, claimed she was 'mooed' by male colleagues when she used the breastfeeding room after giving birth to her second child.

p>

She also claimed that one of her bosses proposed to her at a work conference.

At the time, a spokesperson for Goldman stated that he strongly disagreed with Ms. Higgins' characterization of the bank's culture, and refused to respond to «anonymous accusations».