Inside Track: What GCs Can Learn From Goldman Sachs' $215M Gender-Bias Settlement
"It is generally OK to ask about pay expectations, but relying on pay history is a problem," said Larry Robertson, ethics and compliance counsel at HelloFresh.
May 11, 2023 at 03:09 PM
3 minute read
Class ActionsThe original version of this story was published on Law.com
The $215 million settlement that Goldman Sachs agreed to this week to settle gender-bias class action litigation is enough to make any general counsel shudder.
It's a reflex that legal chiefs have gotten to know well, such as when Google last year agreed to pay $118 million to settle gender-bias litigation. Gender-bias settlements in the tens of millions of dollars almost seem routine these days.
So what is the lesson for legal departments? For starters, it's to be proactive—companies should be closely scrutinizing their own pay practices and fixing potential problems, rather than waiting for outsiders to seize on inequities, employment attorneys say.
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