Signet Jewelers unit reaches $175 mln settlement of gender bias lawsuit
Reuters - 10 Jun, 2022
Signet Jewelers Ltd (SIG.N) on Thursday announced a $175 million settlement of long-running gender bias litigation, resolving claims on behalf of 68,000 female Sterling Jewelers employees that the retailer paid women less and promoted them less often than men.
The settlement averts a Sept. 5 arbitration that would have proceeded on a classwide basis, and subjected Sterling to potential greater liability than if employees pursued individual claims.
