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Dell, Goldman Sachs to pay nearly $17 million to settle gender and race pay bias allegations

Goldman Sachs and Dell Technologies will pay the U.S. Labour Department (DOL) nearly $17 million to settle allegations of pay bias based on gender and race, several media outlets report.

The settlements are the largest ever given to the DOL’s Office of Federal Contract Compliance Programs, Bloomberg Law reports

Dell has been ordered to pay $7 million stemming from 20 outstanding compliance audits involving about 5,475 workers. The funds are to compensate for lost wages and benefits, according to KVUE.

In an email to Bloomberg Law, a Goldman Sachs spokesperson said the company is “remains committed to equal pay for all of its employees.”

“Goldman Sachs disagrees with the OFCCP’s statistical analysis that is the basis of the agency’s allegations. To avoid further litigation, we are pleased to resolve this matter that relates solely to pay for a limited number of employees who worked in the New York office in 2011 and 2012.”

Goldman will pay just under $10 million to about 600 impacted workers, Reuters reports.