Solutions
Wall Street’s Era of Secrecy for Harassment Claims Is Finally Over
New legislation will put sexual harassment and assault claims in front of judges and juries — but it doesn’t cover allegations of racial discrimination.
The U.S. Capitol in Washington, D.C., U.S.
Photographer: Al Drago/BloombergThis article is for subscribers only.
When Lee Stowell saw that Congress was banning mandatory arbitration for workplace sexual harassment and assault claims, it hit home.
Years ago, the former junk-bond saleswoman sued her boss, a colleague and Cantor Fitzgerald, accusing them of harassment, discrimination and retaliation — allegations they denied. Instead of going to court, Stowell, like so many before her, was forced into arbitration’s shadow legal system.