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Steven Cohen ‘s new investment firm sued for sex discrimination against female employees

CLOSE Natalie Portman discusses the implications of the #MeToo movement and praises (Feb. 13) AP File photo shows Steven Cohen, currently the billionaire founder of Point72 Asset Management, speaking to reporters during the 2012 World Economic Forum in Davos, Switzerland. (Photo: Bloomberg via Getty Images) NEW YORK – Billionaire investor Steven Cohen and his new financial company have been accused of sexist work. The new lawsuit, filed Monday in federal court here, comes amid allegations of sexual discrimination and harassment of women by powerful men in many U.S. business and industry sectors. Lauren Bonner, associate director at Cohen’s Point72 Asset Management, President of the Board of Directors, Chairman of the Board of Directors, Chairman of the Board of Directors, Chairman of the Board of Directors whiteboard. Point72’s chief operating officer openly referred to women as “girls” and denied them access to events “because he says that ‘no girls are allowed,'” the lawsuit alleged. Point72 denied the allegations and said it would “defend itself in a more appropriate way than the media.” Bonner, who joined the company in August 2016, who was improperly denied and was paid less than a few years ago. One of those men would have been convinced that it would have been finally promoted, even though it would have been the case that it had been regularly subjected to “insults and humiliation,” the lawsuit. Bonner’s 2017 compensation target at the Connecticut-based company was $ 300,000 plus a $ 150,000 bonus, according to the lawsuit. Along with the court filing that names the company, Cohen, and Haynes, Bonner plans to file a discrimination charge against Point72 with the US Equal Employment Opportunity Commission, the lawsuit said. “This case is important because it shows that, in 2018, wealthy, financially sophisticated, global companies such as Point72 continues to believe that they operate above the law,” Bonner’s lawsuit alleges. “As long as Point72 is allowed to do so, it will continue to abuse its female employees and operate in a manner allowing them to resort to dirty, illegal tactics to keep women from succeeding.” In a statement, Point72 said it has a strong record when it comes to women. “We stand by our record of hiring and developing women,” the statement said. “In an industry where women are historically underrepresented, the number of women in the workforce is much higher than that of women.” . ” Long has a highly successful investor, Cohen has an estimated net worth of $ 13 billion, according to Forbes magazine’s ranking of the 400 richest Americans. He founded and previously managed SAC Capital, an investment company he shut down as a record $ 1.8 billion insider-trading settlement with federal prosecutors in 2014. Cohen was so keen to personally, and he denied any wrongdoing. After being appointed until 2018, Cohen launched Point72 as a so-called home office that would manage its personal wealth and investments for the company’s employees. Representatives for Cohen have held discussions with possible investors on a multibillion-dollar hedge fund, The Wall Street Journal reported in 2016. Follow USA TODAY reporter Kevin McCoy on Twitter: @kmccoynyc Read or Share this story:

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