Goldman Sachs Settles Gender Discrimination Suit For $215M

Goldman Sachs has agreed to pay $215 million to settle a long-running class-action lawsuit accusing the Wall Street bank of paying women less than men.

Goldman Sachs, one of the world’s largest investment banks, settled the case with lawyers representing about 2,800 female associates and vice presidents.

The lawsuit, which was set to go to trial in July, alleged Goldman Sachs underpaid women compared to men, gave women worse performance reviews and passed women over for promotions.

Women who had worked for the investment bank first filed suit in 2010.