U.S. judge recommends no Goldman gender-bias class action

Tue Mar 10, 2015 6:29pm EDT
 
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NEW YORK (Reuters) - A federal judge on Tuesday recommended against certifying a class-action lawsuit in which current and former female employees at Goldman Sachs Group Inc (GS.N: Quote) accused the Wall Street bank of gender-based bias in pay and promotions.

While saying "this is a close case," U.S. Magistrate Judge James Francis said there were not enough common issues among the proposed class members to justify letting them sue as a group.

The judge's recommendation now goes to U.S. District Judge Analisa Torres, who will decide whether to accept it.

(Reporting by Nate Raymond Jonathan Stempel in New York; Editing by Phil Berlowitz)

 
The Goldman Sachs logo is displayed on a post above the floor of the New York Stock Exchange, September 11, 2013. REUTERS/Lucas Jackson