Signet Jewelers reaches $175 million settlement of gender bias lawsuit [CNBC]
Signet Jewelers Limited Common Shares (SIG)
Last signet jewelers limited common shares earnings: 3/26 06:50 am
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Source: CNBC
About $125 million from the settlement would go to class members, with the rest covering legal fees and costs. In this article Signet Jewelers on Thursday announced a $175 million settlement of long-running gender bias litigation, resolving claims on behalf of 68,000 female Sterling Jewelers employees that the retailer paid women less and promoted them less often than men. The settlement averts a Sept. 5 arbitration that would have proceeded on a classwide basis, and subjected Sterling to potential greater liability than if employees pursued individual claims. Sterling's brands include Kay Jewelers and Jared. The company denied wrongdoing, and Bermuda-based Signet took a $190 million pre-tax charge for the settlement, which requires a private arbitrator's approval. Signet on Thursday also reported higher-than-expected quarterly profit and revenue, and authorized an additional $500 million of share repurchases. Its stock price rose as much as 12.1%. Though the settlement f
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SIG
Earnings
- 3/20/24 - Beat
SIG
Sec Filings
- 4/23/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- SIG's page on the SEC website