Uber Settlement to Pay $34,000-a-Head for Harassment Claims
(Bloomberg) -- The cost of Uber Technologies Inc.'s March agreement to settle sexual harassment claims is now itemized: 56 current and former employees who filed claims stand to collect an average of $33,928.57.
In addition, those workers and 431 other female and minority engineers covered by a 2017 class-action lawsuit will receive an average of just under $11,000 for alleged pay disparities, according to a final accounting in the settlement of the case that was submitted Monday to a federal judge in Oakland, California.
Uber agreed in March to pay $10 million to settle the claims. A hearing on final approval of the settlement is set for Nov. 6.
The payouts for harassment and hostile-work environment claims were calculated based on the severity and duration of the alleged misconduct, the existence of supporting witnesses and documentation, the impact on the victim, the perpetrator's job title and other circumstances.
Only two people covered by the settlement have opted out so far, and no class member has filed an objection, according to Monday's filing by lawyers for the plaintiffs.
“We agree with the plaintiff's motion which states that ‘the class has responded extremely favorably to the settlement' with amounts that are ‘fair, reasonable, and adequate," Uber said in a statement.
To contact the reporter on this story: Peter Blumberg in San Francisco at pblumberg1@bloomberg.net
To contact the editors responsible for this story: Elizabeth Wollman at ewollman@bloomberg.net, Peter Blumberg, Mark Milian
©2018 Bloomberg L.P.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.