Washington, DC: A federal judge in Washington has approved a $32 million settlement of a class action brought against Wells Fargo Advisors by a group of approximately 3000 women who alleged gender discrimination.
The women claimed that compared with their male counterparts, female advisors were provided fewer business opportunities by the company. The women also claimed that female advisors were at a disadvantage in other ways, specifically with respect to career advancement, work assignments and distribution of accounts.
Under the terms of the settlement, Wells Fargo Advisors will implement policies and practices designed to reduce gender discrimination and improve the working experience of its female advisors.
According to the United States Equal Opportunity commission, "Sex discrimination involves treating someone (an applicant or employee) unfavorably because of that person’s sex."
If you have been discriminated against, please do not hesitate to call my office, The Law Offices of Todd M. Friedman at (877) 449-8898