UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
Chen-Oster, et al. v. Goldman, Sachs & Co., et al., No. 1:10-cv-06950-AT-RWL

The Court approved the Settlement on November 7, 2023. You may read the Order here. The Settlement is now final, and checks will be sent to class members by December 22nd, 2023.

On May 15, 2023, the Honorable Analisa Torres of the United States District Court for the Southern District of New York granted preliminary approval of a proposed settlement set forth in the Parties’ Stipulation and Settlement Agreement (“Settlement” or “Settlement Agreement”) concerning this gender discrimination class action lawsuit brought against Goldman Sachs.

A Notice was mailed to you and a copy of which is available here.  The Notice is not an expression of any opinion by the Court as to the merits of any of the claims or defenses asserted by either side in this litigation. Goldman Sachs denies the claims and material allegations in the lawsuit. The sole purpose of the Notice is to inform you of the proposed Settlement and your right to remain in or exclude yourself from it, so that you can make an informed decision.

The proposed Settlement provides $215,000,000 to compensate individuals, and provides for adjustments to Goldman Sachs's business practices that address the claims in this litigation. Individuals eligible to receive money from the Settlement are persons who are in one or both of the two groups described below:

• Evaluation Processes Group: All women who held a revenue-producing Associate or Vice President position at Goldman Sachs in the Investment Banking, Investment Management, or Securities Divisions, or any of their successor groupings, in New York at any time from July 7, 2002 to March 28, 2023 or elsewhere in the United States at any time from September 10, 2004 to March 28, 2023, and who (a) were subject to Goldman Sachs's performance review process, known as the 360 Review, or (b) were subject to Goldman Sachs's comparative performance ranking process, known as Manager Quartiling; and
• Promotion Group: All women who held a revenue-producing Vice President position at Goldman Sachs in the Investment Banking, Investment Management, or Securities Divisions, or any of their successor groupings, in New York at any time from July 7, 2002 to March 28, 2023 or elsewhere in the United States at any time from September 10, 2004 to March 28, 2023.