Gender Discrimination Lawsuit
Against Smith Barney
On August 13, 2008, the Court granted final approval to a settlement of the gender discrimination case against Smith Barney. Lieff Cabraser and co-counsel represented female financial advisors who charged that Smith Barney, the retail brokerage unit of Citigroup, discriminated against them in account distributions, business leads, referral business, partnership opportunities, and other terms of employment.
The Court approved a four-year settlement agreement that provides for comprehensive injunctive relief and significant monetary relief of $33 million for the 2,411 members of the Settlement Class. The comprehensive injunctive relief provided under the settlement is designed to increase business opportunities and promote equality in compensation for female brokers.
You can click here to read a copy of the Revised Settlement Agreement.
Lieff Cabraser Heimann & Bernstein, LLP
Mehri & Skalet, PLLC
Outten & Golden LLP
Please feel free to contact any of us at the above telephone numbers.