Pimco Must Face Female Workers’ ‘Fraternity Culture’ Lawsuit
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Allianz SE’s Pacific Investment Management Co. must face a lawsuit filed by female workers alleging the money manager operates as a fraternity that favors white males, a California judge ruled.
Orange County Superior Court Judge Stephanie George rejected Pimco’s request to throw out most claims in a lawsuit filed last year by two employees at the firm’s Newport Beach office alleging the company culture marginalizes, demeans and undervalues women and that male leaders overtly favor other men regardless of their qualifications.