Wal-Mart is noted for making money both from lower wholesale prices and from low employees' pay. When employees in Quebec sought to unionize in order to bargain for better pay, Wal-Mart shut down their store. A Wal-Mart in Saskatchewan managed to unionize in 2008 and remain unionized, but the battle against unions continues apace.
So now, Goldman Sachs is planning to use the Wal-Mart decision in the U.S. to win its own case of discrimination. Goldman Sachs and Wal-Mart deserve each other.
Goldman Sachs fights bias lawsuit, cites Wal-Mart
By Moira Herbst - Reuters
(Reuters) - Goldman Sachs Group Inc (GS.N) said a recent landmark decision throwing out a class-action lawsuit against Wal-Mart (WMT.N) means it should not face a wide-ranging case accusing it of systematic bias against women.
The investment bank in court papers said the three women who sued it last year have highly individual claims that cannot be readily applied to a wider class of plaintiffs.
Last month, the U.S. Supreme Court said a gender bias case against Wal-Mart on behalf of a group believed to exceed 1.5 million workers could not proceed because the plaintiffs' claims did not have enough in common to sue as a group. The plaintiffs allege that Goldman underpays women and promotes them less often than men.
A grant of class-action status can result in larger awards and make it easier for people who otherwise could not sue on their own to recover.
Read the whole article here