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Point72 Sex Bias Case Sent to Arbitrator for Initial Review

  • Lauren Bonner claims sexism at Steven A. Cohen’s firm
  • Point72 says Bonner’s contract requires private arbitration
Steven Cohen in 2012.
Steven Cohen in 2012.Photographer: Scott Eells/Bloomberg
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An arbitrator will decide whether to hear gender discrimination claims against Steven A. Cohen’s Point72 Asset Management LP, a federal judge ruled.

Lauren Bonner claimed in a lawsuit that Point72 hired and promoted fewer women than men, paid her less than male counterparts with equal or fewer responsibilities and had only one woman portfolio manager and only one female managing director. An arbitrator will decide whether Bonner’s employment contract requires the case to go to arbitration, U.S. District Judge Analisa Torres in New York said Thursday.