State Street Settles 'Fearless Girl' Lawsuit

Fearless Girl was at the center of a more famous fight.

It was moved to a site across from the New York Stock Exchange in 2018 after opposition from the creator of Charging Bull, Arturo Di Modica.

He complained that the work and its location had distorted the meaning of his piece, which has stood by Bowling Green since 1989.

Since Fearless Girl was installed, women continue to reach new heights in corporate America but are still almost a decade away from parity, according to data compiled by Bloomberg.

While they occupied a record 33.5% of S&P 500 companies’ board seats at the end of last year, the ratio was 50-50 or more at just 29 companies, the data show.

Just seven months after the statue’s installation, State Street itself agreed to pay $5 million to resolve U.S. allegations that it discriminated against hundreds of female executives by paying them less than their male colleagues.

The Fearless Girl case is State Street Global Advisors Trust Co. v. Visbal, 19-cv-1719, U.S. District Court, Southern District of New York (Manhattan).

(Credit: Jeenah Moon/Bloomberg)