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Goldman Sachs settles sex discrimination case with former analyst
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Goldman Sachs has reached an out-of-court settlement in London with a female vice president who alleged the Wall Street bank owed her millions in unpaid bonuses and discriminated against her after she revealed she was pregnant.
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Goldman Sachs said on Tuesday it had reached a confidential deal with Sonia Pereiro-Mendez, a debt research analyst, on the day the closely watched employment tribunal case was due to begin.
Pereiro-Mendez alleged she was sidelined, subjected to sexist comments and that her basic annual salary of £250,000 in 2010 had been cut to £192,000 by 2012 - a few months after her first pregnancy was made public.
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She had secretly recorded conversations with her managers and had planned to play extracts during three weeks of hearings.
The bank, which had denied allegations of discrimination, had said Pereiro-Mendez’s level of salary and bonuses reflected her relatively poor performance.
“We are pleased this matter is resolved,” Goldman Sachs said in a statement released in London, declining to comment further.
Law firm Lewis Silkin, which represented Pereiro-Mendez, also declined to comment.
Such out-of-court settlements are often combined with gagging orders to protect both sides from further dissection.
Employment lawyers say around two-thirds of such claims are settled or withdrawn before a tribunal makes a judgment as employers are wary of risking reputational damage and hefty payouts after open court sessions.
