Goldman Sachs Settles Case Over Alleged Abuse of Intern
- Claims included violence, forced drinking, mocking nicknames
- Bank argued intern’s injuries covered by workers compensation
Goldman Sachs Group Inc. headquarters in New York.
Photographer: Nina Westervelt/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. reached a settlement with a former intern who alleged the company fostered a culture of hazing that included physical violence, embarrassing nicknames and forced drinking bouts.
The settlement with Patrick Blumenthal, who was a Drexel University student when he went to work for Goldman Sachs in 2017, came a week before a hearing on the investment bank’s request to dismiss the lawsuit. Terms of the accord weren’t disclosed in a filing in San Francisco Superior Court.