Goldman Sachs Group will pay $215 million as part of a settlement of a long-running class-action lawsuit which alleged the financial institution has engaged in widespread discrimination against women in both pay and promotions, according to a joint statement from the company and the plaintiffs.

The lawsuit, filed by former employees to the Wall Street bank, had accused Goldman Sachs of systematic discriminatory practices, including paying women less than men, and judging them more harshly in performance reviews, which had impeded their career growth.

Among litigation against many different banks, going back decades, this lawsuit was among the most high profile cases ever filed against a Wall Street bank over the unequal treatment of women.

According to the statement, the settlement will cover roughly 2,800 female associates and vice-presidents who worked in the investment banking, investment management and securities divisions of Goldman Sachs.

Jacqueline Arthur, Goldman Sachs’ global head of human capital management, said, “After more than a decade of vigorous litigation, both parties have agreed to resolve this matter. We will continue to focus on our people, our clients, and our business.”

The statement also noted that as part of the agreement, Goldman Sachs would also hire independent experts who would perform additional analysis on performance evaluation and gender pay gaps.

Kelly Dermody, co-counsel for the plaintiffs, said the settlement would offer “substantial, certain recoveries for all class members and advances gender equity at Goldman.”

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