Today’s New York Times has a good article about Bank of New York Mellon’s favorable jury verdict yesterday in a gender discrimination and Equal Pay Act case in Manhattan federal court.
Plaintiff, a wealth management portfolio officer, was laid off along with many others in 2010 after the financial crisis. She claimed gender discrimination and lower compensation than men.
Employment lawyers and HR people will find that the article does a good job of concisely dissecting the claims, defenses and evidence at this rare jury trial. The main point perhaps is that “The case was unuusual because it even went to trial. … Most discrimination complaints by Wall Street women are relegated to private, industry-run arbitration or settled before a jury gets a chance to review the evidence.”