JPMorgan Chase & Co. has agreed to pay $5 million to resolve a discrimination claim filed by a male employee who alleged the bank’s parental leave policy was biased against dads.
The payout resolves a 2017 complaint brought by the American Civil Liberties Union alleging bias against Derek Rotondo, who had applied unsuccessfully for the 16-week parental leave benefit available to employees who are the “primary caregiver” of a new kid. JPMorgan doesn’t admit liability in the settlement.
