News and Announcements
JPMorgan Chase settles claims it discriminated against dads
JPMorgan Chase on Thursday agreed to pay $5 million to settle a discrimination case related to its parental leave policy for fathers. The class-action case was prompted by a man at the company who said he was denied the opportunity to take additional paid parental leave as a primary caregiver. * * * The charge was originally filed in 2017 with the Equal Employment Opportunity Commission by Derek Rotondo, an investigator on the bank's security and audit team. Rotondo alleged that he was not given the same amount of parental leave after the birth of his two children as employees who were...
Chase to Pay $5 Million to Dad Employees Who Allege They Were Denied Full Parental Leave
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...