American Express Unit Agrees to Settle Sex Discrimination Case
American Express Financial Advisors has agreed to pay almost 4,000 women a combined sum of $31 million dollars to settle a lawsuit alleging sexual discrimination in job assignments, career development and pay. The proposed settlement---which has been hailed by the lawyer for the plaintiffs as a major step in the right direction---was the subject of a hearing before a U.S. District Judge in Washington D.C. this Tuesday. In addition to the monetary awards, American Express has also agreed to implement changes to ensure a fair distribution of work and promotions, as well as an improved grievance handling procedure.
See JONATHAN D. GLATER, The New York Times, February 20, 2002