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Wells Fargo will pay $32 million to settle a sex discrimination lawsuit

A federal judge in Washington has approved a settlement that will require Wells Fargo to pay $32 million and reform its employment policies because of a sex discrimination class action lawsuit. The lawsuit was brought on behalf of about 3,000 female financial advisors. The lawsuit alleged that Wells Fargo, and its predecessor Wachovia, discriminated against female financial advisors by denying them business opportunities such as distribution of accounts and work assignments.

This lawsuit is a symptom of the larger problem of unequal pay in this country. In the United States, women still earn significantly less than men. In Maine, on average, women earn over $9500 less per year than men.

If you believe that your employer pays you less than men who do the same job you do, you should contact an experienced employment lawyer for advice.