Reports on the case involving JPMorgan and a former staffer say the bank attempted an out-of-court settlement before a lawsuit was filed. Multiple outlets report that JPMorgan offered $1 million to resolve claims of sexual harassment and related misconduct involving a female executive on the former employee’s team. The New York Times and Inc. describe the $1 million proposal as coming after allegations gained attention earlier this week, citing briefings from sources familiar with the matter. Inc. and The New York Times also say the settlement attempt was made in March of this year, ahead of the lawsuit’s filing.
Inc. further reports that the individual countered the bank’s $1 million offer with a higher settlement demand of $11.75 million. Other reporting characterizes the $1 million figure as a prior settlement attempt but focuses less on the counteroffer detail. Breitbart likewise reports the $1 million settlement offer connected to the accuser and the alleged conduct by a female executive, describing it as part of resolving claims before the lawsuit proceeded.
