The gender discrimination class action was filed by three female financial advisors on behalf of female financial advisors who were employed by Wells Fargo Advisors/Wachovia Securities.
The class settlement resolves claims of gender discrimination in compensation, promotions to branch management positions, and terms and conditions of employment under Title VII of the Civil Rights Act of 1964 or any state or local anti-discrimination law. It includes a $32 million fund from which awards, attorneys’ fees and costs will be paid and requires the company to make significant changes to its internal policies and practices. In addition to the $32 million fund, the Defendants will pay all costs of claims administration in this class action. There are approximately 3,060 women who are members of the Class affected by the settlement.
Please take note of the following important deadline: Notices of Awards and Release forms were mailed to claimants on October 23, 2012. Each claimant who received a Notice of Award and Release must sign and return the Release by April 23, 2013. The Release must be received by the Claims Administrator by April 23, 2013. Failure to return the Release by April 23, 2013, will bar the claimant from receiving any money from the settlement.
Signed releases should be mailed to:
Carter v. Wachovia Claims Administrator
P.O. Box 10030
Tallahassee, FL 32302-2030
Additional information is available at www.wachoviagenderdiscrimination.com. Questions may be directed to Rebecca Bohl or Ellen Eardley at Mehri & Skalet at (202) 822-5100.
Judge Approves $32 Million Final Wells Fargo Gender Bias Suit
Law360, June 8, 2011
By Carolina Bolado
Wells Fargo Agrees to Pay $32 Million to Settle Bias Lawsuit
Bloomberg News, June 8, 2011
By Tom Schoenberg
$32 Million Settlement Covers 1,200 Female Brokers
Reuters, June 8, 2011
By Jonathan Stempel
Wells Fargo Reaches Settlement in Gender-Bias Suit
The Wall Street Journal, June 9, 2011
By Jennifer Hoy Cummings