A sex discrimination suit against a well-known, former JPMorgan analyst from Australia has been settled out of court.Kylie Reynolds, who was a healthcare analyst in one of the bank’s Aussie outposts, filed a case against Brian Johnson in 2008 ”alleging unlawful discrimination” based on her sex, the Sydney Morning Herald reported.
Reynolds worked with Johnson until he resigned from JP Morgan in 2009 and jumped ship to a rival bank. He’d been with the bank for 14 years.
Reynolds’ claim was actually dismissed on January 7, after which both sides agreed to a confidential settlement.
Fairfax Media – an Australian publisher – is trying to get details of the lawsuit unsealed, because at the moment the specifics of the case remain a mystery.
Johnson was “a top-rated analyst and generated substantial income for the bank due to his large and well-connected Asian-based fund managers,” the SMH reports. Before JP Morgan, he worked for Macquarie.
He’s known down under for his outspoken criticism of poorly performing banks.