Originally published February 13 2006
Female employees file $1.4 billion discrimination suit
by Mike Adams, the Health Ranger, NaturalNews Editor
A group of female employees filed the discrimination suit against Germany's Dresdner Bank AG, claiming equal pay and promotions were denied to women. The suit also claims inappropriate behavior by supervisors.
A group of female employees on Monday filed a $1.4 billion discrimination suit Monday against Germany's Dresdner Bank AG, claiming women are denied equal pay and promotions at the investment bank.
The lawsuit, filed in the Southern District of New York, claims that women aren't allowed to advance to senior levels Dresdner Kleinwort Wasserstein, the bank's securities unit.
About 1% of women who work in its Capital Markets Division are managing directors, compared with 15% of their 1,700 male counterparts, according to the complaint, which is seeking class-action status.
The suit, in which the plaintiffs say women are treated as "second-class citizens," names several Dresdner units, including Dresdner Kleinwort Wasserstein's supervisors in New York and in London, as defendants.
The suit was brought by several Dresdner Kleinwort employees: Joanne Hart, a director of investor relations in International Equities Sales Group in New York; Traci Holt, a vice president in Structured Finance Group in New York; Maria Rubashkina, a vice president in Corporate Communications Department in New York; Jyoti Ruta, a director in Structured Finance Group in New York; Katherine Smith, a director in Equity Sales Trading Group in London; and Kathleen Treglia, a vice president in Fixed Income Group in New York.
"DrKW fully complies with all applicable employment-related laws and is confident that any claims to the contrary are without merit," the spokeswoman said in a prepared statement.
The suit also claims inappropriate behavior by supervisors and other male employees at Dresdner Kleinwort, including inappropriate comments, such as a supervisor describing one plaintiff as "the Pamela Anderson of trading," and others pressuring another female executive to leave a gathering celebrating the closing of a "major deal," so that male employees and client representatives could go to a strip club.
All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing LLC takes sole responsibility for all content. Truth Publishing sells no hard products and earns no money from the recommendation of products. NaturalNews.com is presented for educational and commentary purposes only and should not be construed as professional advice from any licensed practitioner. Truth Publishing assumes no responsibility for the use or misuse of this material. For the full terms of usage of this material, visit www.NaturalNews.com/terms.shtml