KPMG to Pay $10 Million to Settle Long-Running Pay Bias Lawsuit

KPMG has agreed to pay $10 million to hundreds of female workers to settle allegations of sex, pregnancy, and caregiver bias in pay and promotion, according to a Tuesday filing.

The agreement is pending approval by Judge Lorna Schofield of the U.S. District Court for the Southern District of New York, to formally settle the years-long dispute with the Big Four accounting organization.

The proposed agreement would settle all claims of the nine named plaintiffs and hundreds of opt-in plaintiffs, according to the filing submitted to the court for approval Tuesday.

The women had sought to sue KPMG as a ...