Wal-Mart Stores Inc. must face an 11-year-old gender discrimination lawsuit brought on behalf of workers in California after the U.S. Supreme Court barred a lawsuit representing Wal-Mart employees nationwide.
The U.S. Supreme Court’s rejection of a nationwide class action for female workers suing Wal-Mart Stores Inc. doesn’t foreclose the ability of employees to bring similar suits for many other types of claims against companies.
Wal-Mart Stores Inc. female employees suing the retailer for back pay in the biggest private gender-bias case in U.S. history can proceed as a group on behalf of as many as 1 million women, an appeals court ruled.
The U.S. Supreme Court, in a ruling that will mean new limits on class-action suits, ruled that Wal- Mart Stores Inc. can’t be sued for discrimination on behalf of potentially a million female workers.
More than 100 Wal-Mart Stores Inc . workers paint a similar picture in sworn complaints about the company: Local managers made sexist decisions about promotions and pay, and top officials did nothing to stop them.
Kareem Serageldin, the ex-global head of Credit Suisse Group AG’s CDO business charged in a bonus- boosting fraud tied to a $5.35 billion trading book, was surprised by the U.S. indictment since he has been cooperating with investigators for four years, his lawyer said.