Sex Discrimination | Gender Class Action Lawsuit Against Smith Barney - scales of justice image
Sex Discrimination | Gender Class Action Lawsuit Against Smith Barney - site logo
On March 31, 2005, four female financial consultants filed a national class action lawsuit against Smith Barney, the retail brokerage arm of Citigroup, charging that the brokerage house discriminates against women in violation of federal and state civil rights and labor laws.

Gender Discrimination Lawsuit Against Smith Barney

On August 13, 2008, the Court granted final approval to a settlement of the gender discrimination case against Smith Barney. Lieff Cabraser and co-counsel represented female financial advisors who charged that Smith Barney, the retail brokerage unit of Citigroup, discriminated against them in account distributions, business leads, referral business, partnership opportunities, and other terms of employment.

The Court approved a four-year settlement agreement that provides for comprehensive injunctive relief and significant monetary relief of $33 million for the 2,411 members of the Settlement Class. The comprehensive injunctive relief provided under the settlement is designed to increase business opportunities and promote equality in compensation for female brokers.

You can click here to read a copy of the Revised Settlement Agreement.

Lieff Cabraser Heimann & Bernstein, LLP
(866) 313-1973
(615) 313-9000
Beth Alexander

Mehri & Skalet, PLLC
(202) 822-5100
Anna Pohl

Outten & Golden LLP
(212) 245-1000
Adam Klein
1-877-468-8836 (toll-free)

Please feel free to contact any of us at the above telephone numbers.