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Litigation Services > Synopsis of Litigation Cases > Employee* Vs. Brokerage Firm (NYS Supreme Court) |
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A woman sued a major brokerage on the basis of equal pay and glass ceiling opportunities. She was declared by the employer to have below par performance and not in the league of other employees. She had received no pay increase for a three-year period of time during the late 90's when Wall Street was awash in pay and bonus increases. Upon discovery and after reviewing her performance appraisals, and the performance evaluation system itself, it was shown that the employee had received mostly "meets expectations," a few "above expectations," and very few "just below expectations" reviews. Most important to this case was finding the company's own performance review instruction booklet which indicated that "most employees will be rated at 'meets expectations,' with occasional 'below expectations' that can be used for development purposes." After reading the expert's report and their own performance instructions, the company settled the case with the employee.
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