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Goldman Sachs Group Inc. was accused of widespread gender discrimination and a \u201cboy\u2019s club\u201d atmosphere that included bouts of binge drinking and trips to strip clubs, as two former female employees seek to expand their lawsuit against the firm with new evidence.<\/p>\n
The women asked a federal judge in Manhattan to let them sue on behalf of current and former female associates and vice presidents. Support for their claims includes statements of former Goldman Sachs employees, expert statistical analyses and evidence on earnings and promotions from the firm\u2019s own records, they said in a court filing.<\/p>\n
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The two women, H. Cristina Chen-Oster and Shanna Orlich, sued in 2010 and are seeking to broaden the case to include more than a decade of claimed discrimination at Goldman Sachs. A decision by U.S. District Judge Analisa Torres to allow the women to sue as a class would increase the risk to Goldman Sachs.<\/p>\n
In the lawsuit, filed in 2010, the women seek unspecified damages and an order requiring Goldman Sachs to fix the alleged gender bias at the firm.<\/p>\n
Female vice presidents earned 21 percent less than men and female associates made 8 percent less, the former employees claimed. About 23 percent fewer female vice presidents were promoted to managing director of the New York-based bank relative to their male counterparts, they said.<\/p>\n
Goldman Sachs has denied the women\u2019s claims and is fighting the case.<\/p>\n
\u201cThis is a normal and anticipated procedural step for any proposed class action lawsuit and does not change the case\u2019s lack of merit,\u201d David Wells, a Goldman Sachs spokesman, said in an e-mailed statement.<\/p>\n
Chen-Oster and Orlich are seeking to persuade Torres that their claims are sufficiently similar to those of other Goldman Sachs women so they can represent them in a single case.<\/p>\n
They\u2019re asking Torres to certify a class of female associates and vice presidents who worked for Goldman Sachs in the U.S. in its investment banking, investment management and securities divisions beginning Sept. 10, 2004. The start date for employees who worked in New York City would be July 7, 2002.<\/p>\n
Denise Shelley, a vice president who left the firm in 2009, said in a court filing that men at Goldman Sachs repeatedly called women \u201cbimbos,\u201d mocked a new hire who had won a beauty pageant and took clients to strip clubs. Shelley said in the filing that she sat on the steering committee of the firm\u2019s network for women and, after joining colleagues at a bar, was called a \u201cparty girl\u201d by a managing director.<\/p>\n
The case is Chen-Oster v. Goldman Sachs & Co., 10-cv-06950, U.S. District Court, Southern District of New York (Manhattan).<\/p>\n
![\"Goldman](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2014\/07\/Goldman-Sachs-300x205.jpg\")
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Goldman Sachs Group Inc. was accused of widespread gender discrimination and a \u201cboy\u2019s club\u201d atmosphere that included bouts of binge drinking and trips to strip clubs, as two former female employees seek to expand their lawsuit against the firm … Continue reading