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Company that commissioned "Fearless Girl" statue will pay $5 million amid gender discrimination claims

Photo by Volkan Furuncu/Anadolu Agency/Getty Images(WASHINGTON) -- The financial services firm that commissioned the "Fearless Girl" statue in New York City's financial district has agreed to a $5 million payment to settle claims that it discriminated against hundreds of female employees by paying them less than men in the same positions.

Officials at the U.S. Department of Labor additionally claims that the firm, State Street Corporations, discriminated against 15 black vice presidents by paying them less than their white counterparts.

State Street Corporations denies the allegations, according to the agreement. In the filing, the firm agrees to pay more than $4 million in back pay, plus interest, into a settlement pool for impact employees.

The government began looking into State Street's possible discrimination five years ago, the agreement notes. The compensation discrimination allegedly dates back to 2010.

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