State Street Settles 'Fearless Girl' Lawsuit

News April 29, 2024 at 02:48 PM
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  • The firm and the artist it commissioned to create the sculpture have reached an agreement on the eve of a trial.
  • The work was part of a McCann ad campaign urging corporate boards to add more women as State Street was promoting its exchange-traded fund SHE.
  • Just seven months after the statue's installation, State Street agreed to pay $5 million to resolve charges that it discriminated against hundreds of female executives by paying them less than their male colleagues.
“Fearless Girl” at its new site near the New York Stock Exchange in 2018. (Credit: Jeenah Moon/Bloomberg)

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