Citigroup to pay $33 million in gender bias lawsuit

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NEW YORK (Reuters) - Citigroup Inc has agreed to pay $33 million to about 2,500 current and former female brokers at its Smith Barney unit to settle a three-year-old discrimination lawsuit, court papers show.

A federal judge must approve the proposed settlement, which was described in papers filed Wednesday by the brokers' lawyers with the U.S. District Court in San Francisco.

The plaintiffs had accused Smith Barney in the original March 2005 complaint of preventing female brokers from competing fairly with men for new accounts, promotions and pay, and depriving women of equal training and sales support.

They also accused Smith Barney of using past performance, which they called "the results of historical discrimination," as a means to award business and pay.

Reuters

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1. Now, how will they get U.S. to pay their fine? n/t

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2. Their 'reward' is fighting the good battle? nt

[Name removed]

3. Deleted message

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