Sanofi-Aventis (SNY)’s $15 million settlement in a sex discrimination class action lawsuit may not make female pharmaceutical sales reps very rich. Once you take out the attorneys’ fees, the “pay equity analysis” fee and the service fee for the five named plaintiffs, then the 4,000 women affected by the settlement could receive, on average, just $2,047 each.Here’s how the settlement breaks down:
Total settlement: $15,360,000
Attorney fees: $4,590,000
“Pay equity analysis”: $2,047,000
Named plaintiff award: $535,000
Total remaining for 4,000 female employees: $8,188,000, or about $2,047 each.
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