A $215 million settlement has been filed in a recent class action case against Goldman Sachs. The plaintiffs allege a comprehensive bias against women with regards to pay and promotions. The plaintiffs in this case consist of 2,887 female vice presidents and associates both current and former employees, all of whom worked in investment banking, investment management and securities. After legal fees and costs, each employee involved in this class action could receive a payout of approximately $47,000.

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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StockExchangeOn July 31, 2015, U.S. District Court Judge Katherine Polk Failla approved a $235 million class action settlement involving Citigroup Global Markets Inc., Goldman, Sachs & Co., and UBS Securities LLC, over mortgage-backed certificates issued by Residential Accredit Loans, Inc. (“RALI”). Continue reading “Class action over mortgage backed securities settles for $235 million”