Sterling Jewelers Reaches Settlement in Long-Running Sex Bias Case [Business News Network (BNN) (Canada)]
Signet Jewelers Limited Common Shares (SIG)
Last signet jewelers limited common shares earnings: 3/26 06:50 am
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Source: Business News Network
ago alleging sex bias in pay and promotions, according to a press statement and class counsel. The deal still needs to be approved by the arbitrator overseeing the landmark class arbitration, attorney Joseph M. Sellers told Bloomberg Law Thursday. After that, the case will be sent back to the US District Court for the Southern District of New York—where the women sued in 2008—and the class will ask the court to confirm the arbitrator's award, Sellers said. He's a partner in Cohen Milstein Sellers & Toll PLLC in Washington. Sterling will also pay class counsel $50 million in attorneys' fees and costs as part of the settlement, according to a joint statement issued by the company and Cohen Milstein Thursday. Practices Changing The settlement was partly spurred by changes the Signet Jewelers subsidiary had already begun to undertake to transform its pay and promotion practices, Sellers told Bloomberg Law. The company is working to eliminate decision-making factors that caused t
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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