Ms. magazine  -- more than a magazine a movement

SIGN UP FOR MS. DIGEST, JOBS, NEWS AND ALERTS

FEMINIST WIRE NEWSBRIEFS

ABOUT
SEE CURRENT ISSUE
SHOP MS. STORE
MS. IN THE CLASSROOM
FEMINIST DAILY WIRE
FEMINIST RESOURCES
PRESS
JOBS AT MS.
READ BACK ISSUES
CONTACT
RSS (XML)
 
feminist wire | daily newsbriefs

May-05-98

Merrill Lynch Settles Sex Discrimination Suit

A sex discrimination suit filed by eight female employees in February 1997 was settled yesterday. The plaintiff charged that they were systematically deprived of training, support staff, and other resources because of their sex. They also alleged that many women had returned from maternity leave to find their positions either eliminated or demoted.

Under the settlement agreement, the eight plaintiffs will split $600,000 and will allow any of the 2,500 women employed at Merrill Lynch since 1994 to pursue mediation of complaints with a neutral arbitrator. Women who are unsatisfied with this process may seek compensation in a public hearing. Merrill Lynch has promised to create a multi-million-dollar fund to pay for the settlement of these claims.

Lead Plaintiff Attorney Mary Stowell believes that the Merrill Lynch settlement is superior to the settlement offered by Smith Barney, another powerful brokerage company, last November. "We're delighted the settlement takes the Smith Barney settlement a step forward and does away with mandatory arbitration for future claims and sets up a fair process that is better than court, in which women who have suffered sex discrimination can receive all damages allowed under the law," said Stowell.

Media Resources: Washington Post - May 5, 1998


© Feminist Majority Foundation, publisher of Ms. magazine

If you liked this story, consider making a tax-deductible donation to support Ms. magazine.

 

 

Send to a Friend
Their
Your
Comments
(optional)


More Feminist News

8/1/2014 Constitutional Court Invalidates Uganda's Anti-Gay Law - Uganda's Constitutional Court today struck down - on procedural grounds - a package of anti-gay policies signed into law this February by President Yoweri Museveni, but left room for lawmakers to attempt to pass the law, or another version of it, again. Ten petitioners, including activists, academics, advocates, and MPs, challenged the draconian Anti-Homosexuality Act in court, claiming that it was passed improperly and violated the constitutional rights of Ugandans to live free from discrimination and with privacy and dignity. . . .
 
8/1/2014 Congress Introduces Legislation to Protect Students from Sexual Assault - A bipartisan group of Senators introduced a bill Wednesday that aims to address the issue of sexual assault on college campuses. The Campus Accountability and Safety Act, cosponsored by Senators Claire McCaskill (D-MO), Dean Heller (R-NV), Richard Blumenthal (D-CT), Chuck Grassley (R-IA), Kirsten Gillibrand (D-NY), Kelly Ayotte (R-NH), Mark Warner (D-VA), and Marco Rubio (R-FL), focuses on steps colleges can take to proactively protect students. . . .
 
8/1/2014 A Call for Action to Reduce Gun Deaths Among Victims of Domestic Violence - Over 250 people gathered inside the Dirksen Senate building on Wednesday to support legislation aimed at decreasing intimate partner homicide through gun violence. Senator Sheldon Whitehouse (D-RI) chaired the standing-room only Senate Judiciary Committee hearing - which required an overflow room - and was joined by Judiciary Committee Chairman Sen. . . .