hide message

Welcome to the Resource Centre

We make it our mission to work with advocates in civil society, business and government to address inequalities of power, seek remedy for abuse, and ensure protection of people and planet.

Both companies and impacted communities thank us for the resources and support we provide.

This is only possible because of your support. Please make a donation today.

Thank you,
Phil Bloomer, Executive Director

Donate now hide message

US case settled by Dresdner Kleinwort

Author: David Wighton, Financial Times, Published on: 18 May 2007

Dresdner Kleinwort [part of Allianz] has settled a US lawsuit brought by six female employees who were seeking $1.4bn (£709m) for what they claimed was a "pervasive pattern and practice" of sexual discrimination. The case was "resolved without admission of liability to the satisfaction of the parties", the bank said... The six employees, who have since left the bank, claimed it treated women as "second-class citizens" and that men were paid more and promoted more frequently. Dresdner Kleinwort, the investment banking arm of Allianz, the German insurer, said the case was "without merit". [refers to discrimination claims involving Morgan Stanley, Merrill Lynch, Bank of America, Schroders, BNP Paribas, HSBC]

Read the full post here

Related companies: Allianz Bank of America BNP Paribas Dresdner Bank (part of Allianz) HSBC Merrill Lynch (part of Bank of America) Morgan Stanley Schroders