The Globe and Mail reports in its Wednesday, May 10, edition that Goldman Sachs Group agreed to pay $215-million to settle a class-action lawsuit that alleged widespread bias against women in both pay and promotions, a joint statement from the company and the plaintiffs said. A Reuters dispatch to The Globe reports that the settlement covers about 2,800 female associates and vice-presidents who worked in investment banking, investment management and securities, according to the statement on Monday. The lawsuit was among the highest-profile cases to allege unequal treatment of women on Wall Street. Farrell Fritz lawyer Domenique Camacho Moran said: "The most important component of a settlement like this one is that employers take the opportunity to go back and do the self analysis without the need for litigation. It's critical for employers to step back, regardless of what they thought their intent was, and go back and analyze pay practices, promotion practices, performance reviews." Bank of America, Citigroup and Morgan Stanley are among the banks and brokerages that have settled gender lawsuits in the past decade. The lawsuit against Goldman started way back in 2010.