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JUDGE SETS ASIDE VERDICT IN DISCRIMINATION SUIT AGAINST GOLDMAN, SACHS; RULES INSUFFICIENT EVIDENCE

 NEW YORK, Nov. 8 /PRNewswire/ -- Goldman, Sachs & Co., the international investment banking and brokerage firm, said the judge in the Federal trial of a discrimination lawsuit filed by former employee Joanne T. Flynn has set aside the jury's verdict against the firm and has entered judgement in favor of Goldman Sachs on the ground that there was no sufficient evidence of discrimination. The judge also ruled that even if the evidence has not been legally insufficient, she would have set aside the verdict and ordered a new trial because the verdict was clearly against the weight of the evidence.
 According to a Goldman Sachs spokesman, "We are pleased that Judge Kimba M. Wood has overturned the jury's verdict in the Joanne Flynn case and has ruled in the firm's favor. This is not a decision on technical legal grounds. It is a determination by the judge, who conducted the trial, heard all the evidence and observed all the witnesses, that this jury misinterpreted the facts and wrongly decided this case. The decision confirms what the firm said from the beginning: Goldman Sachs did not discriminate against Joanne Flynn."
 The lawsuit was filed in 1991 in the U.S. District Court for the Southern District of new York.
 -0- 11/8/93
 /CONTACT: Edward G. Novotny of Goldman, Sachs & Co., 212-902-5400 or after-hours, 212-490-2740/


CO: Goldman, Sachs & Company ST: New York IN: FIN SU:

TM -- NY105 -- 1992 11/08/93 21:18 EST
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Publication:PR Newswire
Date:Nov 8, 1993
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