Goldman Sachs Probably Doesn't Want This to Get to Trial: "Chen-Oster v Goldman Sachs"

 "Goldman Sachs Group Inc. and its former female employees who sued the company in one of Wall Street’s biggest gender discrimination lawsuits are sparring over whether names of two senior executives mentioned in internal complaints should be exposed." - Bloomberg, June 1, 2022

The two executives are not defendants in the lawsuit - "Chen - Oster v Goldman Sachs - which had won class action certification. That's what the corporate lawyer Robert Giuffra points out. One still is employed at the firm. Also, the plaintiffs has agreed a year ago just to mention the titles, not the names. 

But, this is small potatoes in a lawsuit representing thousands of females. The plaintiffs, represented by lawyer Kelly Dermody, contend the corporation was guilty of gender discrimination in wage and promotion issues.

If this reaches a courtroom in the form of a trial the implications could be what might have been in the high-profile gender lawsuit Tolton v Jones Day. Both parties had agreed to end that litigation. Had it made it to trial the inner workings of black-box law firm Jones Day could have been disclosed. That's what watchers had been waiting for. From that data could be extrapolated what could be going on at myriad other law firms. 

Chen during a trial could penetrate policy-making at Goldman Sachs. That, in turn, could be treated as a lens through which to review the policies at other major financial firms. The world of big financial institutions could be rocked. 

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com. She is available for marketing communications assignments. Let her tell your law firm's story.

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