logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 

Equities – Your destination to connect with the growth investment community.

Goldman Sachs (GS) Deals with Ongoing Discrimination Lawsuit as Earnings Report Draws Near

  +Follow October 16, 2013 10:14AM
Share:
Tickers Mentioned:

On Oct. 16 U.S. Magistrate Judge James Francis ordered investment bank Goldman Sachs Group (GS) to turn over complaints logged by the company concerning sexual discrimination. This comes a day before the firm is set to release their third quarter earnings report before the opening bell.

Harassment Lawsuit

Goldman is currently facing a group lawsuit from former employees who allege the bank engages in systematic sexual discrimination against women, often passing them up for pay raises and promotions.

Goldman, unsurprisingly, denies the charges, and argued that they did not need to turn over internal complaints. In their intial refusal to turn over their records, the bank's lawyers called the requests a “fishing expedition.” Francis clearly disagreed.

The incident at the heart of the lawsuit dates back to 1997 and involves a former vice president of the company, who alleges she was groped by a male colleague. After lodging a complaint against the colleague, the former vice president says she was targeted for harassment and passed up for promotions and pay raises.

The male colleague, on the other hand, made partner and has his salary quadrupled.

Earnings Preview

While dealing with the sexual discrimination lawsuit, Goldman is preparing to release their third quarter earnings report before the bell on Thursday. As a component of the Dow, Goldman’s earnings will be closely watched as being a bellwether of the financial sector going into the fall.

The last of the Big Four banks to report, Bank of America (BAC) , will issue their earnings call on Oct 16.

 

(image courtesy of WIkimedia Commons)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for gs
stockmarketnow
19 Apr 15 13:55:41
RT TSTbanking: What Goldman Sachs' Earnings Suggest For Morgan Stanley $GS http://t.co/mYmTFayH65; http://t.co/c3LvTf2ciC
Jake Novakovich
19 Apr 15 13:54:57
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
Market One Media Grp
19 Apr 15 13:49:07
RT @TSTbanking: What Goldman Sachs' Earnings Suggest For Morgan Stanley $GS http://t.co/zV9GUH23zU http://t.co/PbR3XUy8Bk
ZeroSum
19 Apr 15 13:49:02
RT @TSTbanking: What Goldman Sachs' Earnings Suggest For Morgan Stanley $GS http://t.co/zV9GUH23zU http://t.co/PbR3XUy8Bk
Alysia Sarkisian
19 Apr 15 13:47:35
RT @TSTbanking: What Goldman Sachs' Earnings Suggest For Morgan Stanley $GS http://t.co/zV9GUH23zU http://t.co/PbR3XUy8Bk
TheStreet
19 Apr 15 13:47:01
RT @TSTbanking: What Goldman Sachs' Earnings Suggest For Morgan Stanley $GS http://t.co/zV9GUH23zU http://t.co/PbR3XUy8Bk
Cal
19 Apr 15 13:36:14
RT @etfguide: (Audio) "Complexity is the enemy of exucution..." http://t.co/GxrVsYCgmL $SPY $GS $C #PortfolioReportCard
Darnell Lockett
19 Apr 15 13:32:05
RT @GoldmanSachs: ICYMI #PODCAST w/ $GS' Margaret Anadu on our #impvinv efforts, incl. @EmpireOutlets, which broke ground this wk: http://t…
gordon gekko is god
19 Apr 15 13:27:54
Goldman downgraded on valuation at KBW http://t.co/apkNYBmpxu $GS
gordon gekko is god
19 Apr 15 13:22:01
Goldman Sachs: Let The Good Times Roll http://t.co/bA3Ekt8J7C $GS
Capital Market Labs
19 Apr 15 13:18:51
Largest Diversified Financials Assets 1: $GS 2: $MS 3: $BRK.A Chart: http://t.co/uTkwZ554ai http://t.co/QQ2DNvT6AR
ProVesting
19 Apr 15 13:17:13
$GS $FCX $WFC $PRU: Copper Bulls Backing Away as China Woes Trump Supply Concerns: http://t.co/GuhLQ9lnXF
US Stock Ratings
19 Apr 15 13:02:02
Keefe Bruyette downgrades $GS from Outperform to Mkt Perform, target price from $195 to $210 http://t.co/zsGzToAtpt
webinara
19 Apr 15 12:56:08
RT: http://t.co/X96dT79mAR #webinar Maximize returns from straddles http://t.co/oLUzKkNjpn $GS $COST $FDX
Carolyn B Miciano
19 Apr 15 12:50:06
Maximize returns from straddles http://t.co/i8Sj1jelk2 $GS $COST $FDX
Kenny
19 Apr 15 12:42:06
RT @etfguide: (Audio) "Complexity is the enemy of exucution..." http://t.co/GxrVsYCgmL $SPY $GS $C #PortfolioReportCard
Keith Stocks
19 Apr 15 12:41:09
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
Tet Teren
19 Apr 15 12:40:21
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
StockCats
19 Apr 15 12:38:42
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
Edward Gofsky
19 Apr 15 12:37:33
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
Emotional StressTest
19 Apr 15 12:00:06
I'd bet 'serious,' 'delay,' and 'doubts' aren't going to be used in $GS's next ad campaign: http://t.co/HbR2jLnrpd
ETFguide.com
19 Apr 15 11:59:01
(Audio) "Complexity is the enemy of exucution..." http://t.co/GxrVsYCgmL $SPY $GS $C #PortfolioReportCard
Swry
19 Apr 15 11:29:36
RT @GoldmanSachs: #PODCAST: $GS' Jeff Currie discusses the "New #Oil Order" & the future of #energy: https://t.co/P0IDFjlHNY #OilPrices
Le-Brawn Jaymez.
19 Apr 15 11:15:05
I'm tryna go post in the hood Witt my $Gs for a day.. I know they gon find me all day
Bear Trading
19 Apr 15 10:08:43
RT @DeweyKnows: $MS and $GS look nice: trading clearly picking up. But prepare for Anonymous Swaps Market, Nailing Trading Revs http://t.c…
Swry
19 Apr 15 09:41:36
RT @GoldmanSachs: PODCAST: Check out 'Exchanges at Goldman Sachs' the new $GS series on #markets, #innovation & the global #economy: https:…
Brad Moseley
19 Apr 15 09:26:50
RT @GEQSense: $GS horrible post earnings trade... En peligro vamanos bajando..
Gavin Martinsson
19 Apr 15 09:22:09
$GS horrible post earnings trade... En peligro vamanos bajando..
K Capital Advisors
19 Apr 15 08:52:31
New Video - Stock Watch List With Trading Ideas For The Stock Market This Week! http://t.co/BgrsVPElPH $FB $TWTR $GOOG $AAPL $BABA $GE $GS
Oil Gas
19 Apr 15 08:52:11
RT @MyMoneyWisdom: Dividend Investing http://t.co/8TGkCBIR7O #DividendInvesting $AXP $GS $MCO $WMT $USB $WFC $PG $IBM $KO $XOM #BuyLowSellH…
Derald Muniz
19 Apr 15 08:52:06
Chart Review http://t.co/Ajs6aJKkiq $CAB $EXPD $GS $PII $WBC $XPO $ZLTQ $DBC $DBA $XME $STUDY
Andrew Lowry
19 Apr 15 08:47:07
RT @GoldmanSachs: Wellness expert @DeepakChopra discusses enlightened #leadership & spirituality w/ $GS CIO Marty Chavez #TalksatGS http://…
My Financial Wisdom
19 Apr 15 08:30:30
Dividend Investing http://t.co/8TGkCBIR7O #DividendInvesting $AXP $GS $MCO $WMT $USB $WFC $PG $IBM $KO $XOM #BuyLowSellHigh #BigBusiness
Swiss
19 Apr 15 08:22:24
RT @etfguide: (Audio) "The cost of investment advice should never supersede the potential benefits of the advice..." http://t.co/LdJJbGQQYY…
Cody Freeman
19 Apr 15 08:17:35
Full Lg-Cap Holdings recap: Looking at the long-term http://t.co/dChh8kuaKA $SPX $STUDY $AAPL $FB $GS $BMY $UNH $BA $SBUX $DIS
Stefano
19 Apr 15 08:16:45
RT @etfguide: (Audio) "The cost of investment advice should never supersede the potential benefits of the advice..." http://t.co/LdJJbGQQYY…
Carolyn B Miciano
19 Apr 15 08:12:43
Choosing the right Options strategy for a trade http://t.co/oWvPmOPFXA $GS $COST $FDX
Tad Doughty, CFS
19 Apr 15 08:11:03
Big banks earnings in a pretty set of pictures http://t.co/evtgQhe8KU $GS $MS $BAC $WFC http://t.co/2wXpehLIk4
Francisco de la Lama
19 Apr 15 08:03:38
RT @Benzinga: Battle of the Investment Banks: Goldman Sachs vs. Deutsche Bank $DB $GS http://t.co/czE72s8IPP
Ray Buckner, IAR
19 Apr 15 07:52:28
RT @StockTwits: US corporate earnings run off the rails: http://t.co/xYPwcA1PJQ Insights from our partner @Covestor $JPM $GS $DAL $GE
My Financial Wisdom
19 Apr 15 07:41:32
Dividend Investing http://t.co/8TGkCBIR7O #DividendInvesting #StockMarket $AXP $GS $MCO $WMT $USB $WFC $PG $IBM $KO $XOM #Investment #money
Elvy
19 Apr 15 07:20:06
RT @robwilliamsNY: Bulls and Bears: A collection of Wall Street opinion from http://t.co/dWMyh7TuYf http://t.co/y7na1l2uVD $SPY $GS $BAC $…
Alok Dharia
19 Apr 15 07:16:46
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
Jeff Sandene, CFP®
19 Apr 15 07:15:10
.@NorthmanTrader "Money For Nothing" Huge assist from @Mella_TA http://t.co/PHLli84waX $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/jlrZGczLog
Thomas Paul
19 Apr 15 07:10:41
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
FinSentS SP500
19 Apr 15 07:09:18
$GS:US Don't panic over Wall Street's corporate 'earnings recession' hysteria #GOLDMAN SACHS GROUP INC http://t.co/9zDexqnsQe #SP500
ETFguide.com
19 Apr 15 06:55:08
(Audio) "The cost of investment advice should never supersede the potential benefits of the advice..." http://t.co/LdJJbGQQYY $SPY $GS $C
Portfolio Talk
19 Apr 15 06:55:03
(Audio) "The cost of investment advice should never supersede the potential benefits of the advice..." http://t.co/xPK9gtz8bL $SPY $GS $C
JTM
19 Apr 15 06:24:46
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
ASX James
19 Apr 15 06:20:19
RT @NorthmanTrader: Weekend Charts: Money For Nothing http://t.co/1HphPrWexw $SPY $SPX $DJIA $NYA $GS $XLF http://t.co/q1uddy6wYb
				
				
  +Follow October 16, 2013 10:14AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.