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 attorneys, and the most high-profile warning to companies with policies that are gender-neutral on paper but not in practice.
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