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Article

21 Jan 2016

Author:
Jonathan Stempel, Reuters (USA)

USA: Former employee of CVC Capital Partners sues firm for alleged gender discrimination

“Former CVC executive sues private equity firm, alleges sexism”, 19 Jan 2016

CVC Capital Partners has been sued by a former managing director who said the big private equity firm fired her in retaliation for her complaints about what she called its sexist environment.  In a complaint filed on Friday in Manhattan federal court, the plaintiff Lisa Lee said she was let go last February, a month after objecting in writing to "systemic" gender bias she claimed to face at CVC…The 42-year-old…had been the only woman among 37 CVC managing directors and senior managing directors in the firm's private equity divisions…She is seeking compensatory and punitive damages, and said CVC's wrongful actions have cost her more than $10 million…"The claims by this former employee are without merit, and we will defend our position vigorously," CVC said in a statement on Tuesday…Lee is the latest individual over the years to accuse a big financial services company of gender bias…Lee said CVC tried to give male colleagues her accounts when she took maternity leave in 2012 to give birth to twins, and denied her promotions and opportunities available to men…She also said she faced unwanted physical contact and denigrating comments from male supervisors and other coworkers…