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Wednesday, July 9, 2014

Female Goldman Sachs employees seek class action alleging 'boys club'

Today's post is shared from fortune.com

The ongoing gender discrimination lawsuit claims female Goldman employees had their intelligence mocked and were referred to as “bimbos.”

An ongoing gender discrimination lawsuit against Goldman Sachs filed four years ago by three former female employees now has the support of several additional former employees who allege the financial giant has a “boy’s club” atmosphere where women are mocked and excluded by their male colleagues.

The group is seeking class action status from a federal judge in Manhattan in a suit that looks to sue Goldman GS -1.71% on behalf of current and former employees at the bank whose tenures stretch as far back as July 2002. Several former employees filed documents on Tuesday supporting class certification of the lawsuit, which accuses Goldman of hosting an environment that is “hostile to women.”

In a statement sent to multiple news outlets, a Goldman spokesman said the filings Tuesday were not a surprise and that they “lack merit.”

One former vice president in the bank’s securities division, Denise Shelley, wrote in her letter to the court that female employees at Goldman were often hired based on their attractiveness and then asked to pitch sales to clients only to later have their intelligence mocked by male colleagues. Shelley says such women were referred to as “bimbos” by male colleagues, and she remembers one time when a new...

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