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Tue Feb 13, 2018, 09:10 AM

Lawsuit claims Steven A. Cohen's firm Point72 is hostile to women

Source: Reuters

BUSINESS NEWS FEBRUARY 12, 2018 / 7:16 PM / UPDATED 12 HOURS AGO

Lawsuit claims Steven A. Cohen's firm Point72 is hostile to women

Jonathan Stempel
3 MIN READ

NEW YORK (Reuters) - A female executive at billionaire Steven A. Cohen’s Point72 Asset Management LP on Monday filed a lawsuit accusing the firm of operating as a “boys’ club” that subjects women to a openly hostile working environment and pays them less than men.

Lauren Bonner, an associate director, said a “structural sexism” pervades Point72, where women are denigrated by even high-level employees, including a top executive who declares “no girls allowed” in advance of some meetings.

Cohen was not accused of inappropriate behavior.

Bonner is seeking a variety of damages and an injunction against further discrimination in her lawsuit filed in the U.S. District Court in Manhattan against Point72, Cohen and the firm’s president, Douglas Haynes.

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Read more: https://www.reuters.com/article/us-point72-lawsuit/lawsuit-claims-steven-a-cohens-firm-point72-is-hostile-to-women-idUSKBN1FX015

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