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Pimco Accused of ‘Fraternity Culture’ in Suit by Female Workers

  • Lawsuit alleges leaders encouraged gatherings at strip clubs
  • Pimco says complaint has no merit, will fight case in court
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Photographer: Brent Lewin/Bloomberg
Updated on

Allianz SE’s Pacific Investment Management Co. was sued by a pair of female workers who allege the money manager operates as a fraternity that favors white males.

Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach office, say the company culture marginalizes, demeans and undervalues women and male leaders overtly favor other men regardless of their qualifications. Leadership encouraged worker gatherings at strip clubs, golf outings, and poker nights, alienating female employees, according to the complaint, filed Thursday in California’s Orange County Superior Court.