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What will be the impact of Disney's settlement on its stock performance by May 2025?
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Disney Settles Gender Pay Lawsuit for $43.25 Million, Affecting Up to 14,000 Women
Nov 26, 2024, 03:25 AM
Disney has agreed to pay $43.25 million to settle a class action lawsuit alleging that the company systematically paid female employees less than their male counterparts in similar roles over an eight-year period. The lawsuit, initiated by LaRonda Rasmussen in 2019, claimed that up to 14,000 female Disney employees in California were collectively underpaid by $150 million. As part of the settlement, Disney will bring in outside consultants to review its pay practices. The settlement allows Disney to avoid a jury trial that was set to begin in May 2025.
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