Salomon Must Pay $3.2M in Sex Harassment Case

Salomon Smith Barney has been ordered to pay $3.2 million to a female stockbroker, the first monetary award stemming from a notorious sexual harassment lawsuit against the firm. A panel of arbitrators is handling the settlement with the more than 1,900 women who filed claims against the company. The panel criticized the firm for creating "a work place permeated with discriminatory intimidation, ridicule and insults."

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