We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Oppenheimer Settles Sex Discrimination Suit

Law360 (September 13, 2006, 12:00 AM EDT) -- Investment boutique Oppenheimer & Co. Inc. has settled a gender bias lawsuit for $85,500, the U.S. Equal Employment Opportunity Commission revealed Tuesday.

As part of the settlement, Oppenheimer, previously known as Fahnestock & Co. Inc., will set up a $75,000 scholarship fund for the advancement of women in the financial services industry. The rest of the money will go to Jaime Sanders, who was allegedly denied a job interview for a broker trainee position in 2003 because of her sex.

“Employers should know that if they...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.