New York City, N.Y., May 30, 2019 / 23:00 pm
A class action lawsuit against JP Morgan Chase was settled this week, after a lawsuit from fathers denied parental leave.
As of Thursday, Chase Bank has agreed to pay $5 million to hundreds of fathers who were denied primary caregiver leave at the company within the last seven years, NPR reported.
When his son was born two years ago, Derek Rotond, who investigated financial crimes for Chase, applied for 16 weeks of paid parental leave, the amount granted by the company to primary caregivers.
He was denied, and says he was told that "men, as biological fathers, were presumptively not the primary caregiver," according to NPR.
Rotondo filed a complaint with the Equal Employment Opportunity Commission, and Chase responded quickly, saying that the company would grant Rotondo, the extra leave he wanted.