Consent Decree Entered In Vanguard Title VII Suit

Law360, New York (March 3, 2008, 12:00 AM EST) -- An investment management firm that oversees $1.3 trillion in assets has agreed to pay $500,000 to settle a suit filed by the U.S. Equal Employment Opportunity Commission in 2004 on behalf of a black worker who claimed the company retaliated against him for complaining about discrimination.

A consent decree, which still needs court approval, was filed in the case on Friday. The court overseeing the matter issued an order dismissing the case in August 2007, but negotiations on the settlement's terms continued until last month....
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