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| Goldman Sachs settles sex discrimination case with former analyst | |
| (about 2 months later) | |
| Goldman Sachs has reached an out-of-court settlement in London with a female vice president who alleged the Wall Street bank owed her millions in unpaid bonuses and discriminated against her after she revealed she was pregnant. | |
| Goldman Sachs said on Tuesday it had reached a confidential deal with Sonia Pereiro-Mendez, a debt research analyst, on the day the closely watched employment tribunal case was due to begin. | |
| Pereiro-Mendez alleged she was sidelined, subjected to sexist comments and that her basic annual salary of £250,000 in 2010 had been cut to £192,000 by 2012 - a few months after her first pregnancy was made public. | |
| She had secretly recorded conversations with her managers and had planned to play extracts during three weeks of hearings. | |
| The bank, which had denied allegations of discrimination, had said Pereiro-Mendez’s level of salary and bonuses reflected her relatively poor performance. | |
| “We are pleased this matter is resolved,” Goldman Sachs said in a statement released in London, declining to comment further. | |
| Law firm Lewis Silkin, which represented Pereiro-Mendez, also declined to comment. | |
| Such out-of-court settlements are often combined with gagging orders to protect both sides from further dissection. | |
| Employment lawyers say around two-thirds of such claims are settled or withdrawn before a tribunal makes a judgment as employers are wary of risking reputational damage and hefty payouts after open court sessions. |