News and Announcements

Human resources consultant Carol Sladek doesn’t need to look any further than her phone to guess how a recent legal settlement over parental leave at JPMorgan Chase might influence the benefits received by new dads at other companies. The banking giant recently agreed to pay $5 million to settle a class action lawsuit filed on behalf of male employees who argued they did not have the same access to parental leave as new mothers -- an outcome Sladek and other employment experts believe could accelerate the trend toward more clearly gender-neutral policies for new parents. * * * While it is at...

When Derek Rotondo, a seven-year investigator with JPMorgan Chase, asked to take the company’s 16-week paid parental leave, he was told that “only mothers are automatically considered to be primary caregivers.” * * * But now, thanks to a gender-discrimination complaint he filed in June 2017 with the Equal Employment Opportunity Commission, that policy has changed. The complaint resulted in a “first-of-its kind” class-action settlement on Thursday, in which the bank agreed to pay $5 million to about 5,000 fathers who allege they were denied the opportunity to take appropriate paid parental...

JPMorgan Chase & Co. has agreed to pay $5 million to resolve a discrimination claim filed by a male employee who alleged the bank’s parental leave policy was biased against dads. The payout resolves a 2017 complaint brought by the American Civil Liberties Union alleging bias against Derek Rotondo, who had applied unsuccessfully for the 16-week parental leave benefit available to employees who are the “primary caregiver” of a new kid. JPMorgan doesn’t admit liability in the settlement. It’s the biggest recorded settlement in a U.S. parental leave discrimination case, according to Rotondo’s...