Riot Games agrees to pay $100 million to settle gender discrimination lawsuit By Reuters

© Reuters. FILE PHOTO: A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song

(Reuters) – Tencent Holdings (OTC:)’ Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination class-action lawsuit with California state agencies and current and former women employees.

The company said it will pay $80 million to the members of the class-action suit, comprising all current and former full-time women employees and temporary agency contractors in California who worked from November 2014 to present.

An additional $20 million will be paid towards attorneys’ fees and miscellaneous expenses, Riot Games said in a statement.

“In an effort to drive ongoing transparency and accountability, Riot has also committed to having its internal reporting and pay equity processes monitored by a third party jointly approved by Riot and the California Department of Fair Employment and Housing for three years,” the company said.

A final approval of the settlement by the court is pending, with a hearing expected in the coming months, the statement added.

The lawsuit was filed in November 2018 by now-former employees Melanie McCracken and Jess Negrón, alleging gender discrimination as well as sexual harassment and misconduct at Riot Games, the Washington Post reported https://wapo.st/32tEApi on Monday. The suit was followed by two inquiries led by California state agencies, the reported added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*