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

10/22/2014 Students Protest Fordham University's Anti-Birth Control Policy - Students at Fordham University are engaged in a battle against the New York City Catholic school's anti-birth control policy. Students for Sex & Gender Equality and Safety (SAGES) has launched a petition drive, calling on Fordham to provide free and confidential access to birth control and STI testing on-campus, free condoms, professional gynecological services at the university, and resources for pregnant women, among other things. . . .
 
10/22/2014 Doctors Warn That Measure 1 Would End In Vitro Fertilization in North Dakota - Doctors at North Dakota's only clinic offering in vitro fertilization (IVF) are speaking out to warn voters that Measure 1, a proposed personhood amendment in the state, would make the practice illegal. Dr. . . .
 
10/21/2014 Afghanistan's New First Lady Advances Women's Issues - Just a few days after moving to the presidential palace, Afghanistan's new First Lady Rula Ghani said that she hopes to encourage greater respect for women. Rula Ghani already broke tradition by participating in her husband, Ashraf Ghani Ahmadzai's, campaign for President. . . .