Sex, age discrimination suit v Bank of NY Mellon

Started by neoteny, Jan 21, 2011, 08:14 PM

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neoteny


Sex, age discrimination suit v Bank of NY Mellon


NEW YORK (Reuters) - A veteran portfolio officer at Bank of New York Mellon Corp accused the company of sex and age discrimination on Friday, charging she was paid less than younger, male employees.

Rochelle Cohen's suit, filed in federal court for the Southern District of New York, seeks a jury verdict and compensatory and punitive damages as well as wages and other benefits she claims she lost as a result of being fired.

According to the suit filed by the law firm Vladeck, Waldman, Elias & Engelhard, Cohen was dismissed by Bank of New York Mellon last year after 10 years of employment in the Mellon Private Wealth group and told her job had been eliminated.

The suit said Cohen, who had worked in wealth management for 30 years and was previously a broker at several other firms, had over 80 client relationships and over $200 million under management in over 200 accounts when she was fired.

It said she had complained for years that male employees doing similar work were paid more while she was not promoted.

The suit said her legal action was to remedy sex and age discrimination in violation of federal and New York state laws.

BNY Mellon spokesman Ron Gruendl declined to comment on the lawsuit at this time.

The case is: Rochelle Cohen v Bank of New York Mellon Corp, 11CV0456

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All right, what kind of returns she managed for all those clients and accounts? If the lawsuit makes it an issue of how much she managed, I guess it is OK to make an issue out of her on-the-job performance.
The spreading of information about the [quantum] system through the [classical] environment is ultimately responsible for the emergence of "objective reality." 

Wojciech Hubert Zurek: Decoherence, einselection, and the quantum origins of the classical

TheManOnTheStreet

Like shooting fish in a barrel.  Make the claim, cause a stir, investigations ensue, something will be found - human nature being what it is - she wins.

Yet another lotto winner!

TMOTS
The Man On The Street is on the street for a reason.......
_________________________________
It's not illegal to be male.....yet.

CaptDMO

I wonder why she was an employee at several other firms before BNY Mellon?
I wonder how much of her job was simply plugging numbers of other peoples money into successful formulas, generated years ago,  by others quite adept at math, and being endowed with the credit of "managing" wealth?

BNY had a plethora of ladies in their various wealth "management" departments before the introduction of Mellon, and the consequential shake up of office
musical chairs amongst glorified clerks, that only the most productive survived.

BIG difference between the "wealth management" folk- checking/retirement/prepackaged mutual fund accounts
with lots of zeros from "new" dot-com, and house-flipper real estate,  folk- and the old school BNY Market Investment folk.

When I've  have to deal with "wealth management"(checking) folk, which have ALWAYS been women, to fix ANOTHER screw-up, I really don't care who I deal with.
I now generally circumvent the woman who "manages" my investments and deal with the man who's actually implemented the movement of assets since I've been doing business with BNY (BNYMellon), who's one of two men that my family has dealt with in just the  last 50 years or so....

This woman may have a case, I doubt it, judging from my, and my family's long term personal experience with the folks a bit higher up than the clerks at BNY.

I call, "empowered" gold digger looking not for a suit, but for a "settlement".         

Captain Courageous

Apparently she wasn't able to get another job after she was fired?
How is she paying her current attorney or law firm? Is it pro bono work or what?

neoteny


How is she paying her current attorney or law firm? Is it pro bono work or what?


More like a contingency fee; some 40% of the monies they can score off a jury verdict (or settlement).
The spreading of information about the [quantum] system through the [classical] environment is ultimately responsible for the emergence of "objective reality." 

Wojciech Hubert Zurek: Decoherence, einselection, and the quantum origins of the classical

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