SoFi Sued for Alleged Sexual Harassment, Improperly Handling Loans
The lawyer representing the plaintiff slammed the online lending company's culture, calling it the "Uber of fintech."
August 14, 2017 at 03:26 PM
3 minute read
The original version of this story was published on Corporate Counsel
In a lawsuit filed in California on Aug. 11, a former employee claims that managers with online lending startup Social Finance Inc., known as SoFi, discriminated against women and mishandled loan applications.
The claims come at a time when allegations of sexual harassment and discrimination are piling on, particularly within Silicon Valley. Uber Technologies Inc. has been hit hard with accusations of a toxic workplace culture, and last week Google faced backlash after a male employee published a manifesto about why males are better suited to work as engineers. The plaintiff in the complaint against SoFi, Brandon Charles, who worked for the company for about three months this spring, allegedly reported misconduct by his employer and claims in the nine-page complaint filed in San Francisco Superior Court he was wrongfully terminated in retaliation. The San Francisco company has denied the claims.
“In our view, SoFi is the Uber of fintech,” said Robert Ottinger, who is representing the plaintiff, in an email Monday. “Based upon the allegations we have uncovered, the company, like Uber, has a single-minded focus on growth while running over the rights of employees.”
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