Judge will approve $32 million settlement in Wells Fargo sex discrimination case
A federal judge has indicated she will approve a $32 million settlement in a sex discrimination case brought against Wells Fargo & Co., Reuters reported. The settlement requires Wells Fargo to implement a four-year program to strengthen training and efforts to promote female financial advisers, and help ensure that more lucrative customer accounts were allocated fairly, court records showed. Wells Fargo also agreed to oversight by an outside monitor. Wells Fargo denied the allegations, but wanted to resolve the issue, a spokesman said. The settlement covers about 1,200 female workers, Reuters said.