Sunday, October 17, 2021

Goldman Sachs settles abuse lawsuit with former employee

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Goldman Sachs has settled a lawsuit filed by a former California intern who claims to have engaged in a culture of awareness such as bank fraternity — excessive drinking pressure and at least one physical abuse.

The terms of the deal with Patrick Blumental, a Drexel University student during his 2017 internship with Goldman, were not disclosed in a document filed with the San Francisco Supreme Court on Friday night.

The agreement was entered into a week before the scheduled hearing on the bank’s request to refuse to satisfy the claim.

While at the investment bank, Blumental was assigned to a group calling himself the 007 Team, led by financial wealth adviser Yuli Erukhimov, nicknamed “Quick Julie”.

According to Blumenthal, photos of the team were posted on a wall in the office with the nicknames of staff and interns. His nickname was “Bloomy” and was mockingly pronounced “Blow Me Up,” he claimed in court documents.

Among the more serious allegations made in the complaint was that on February 9, 2018, Blumental and his colleagues went on a drinking spree and were eventually physically assaulted by Eruximov.

Patrick Blumenthal, an intern at Goldman Sachs, has sued the company against a culture of brotherhood-like humor.

It is said that Erukhimov was angry at Blumenthal’s joke, punched him in the stomach, and then began to fight him.

Eruximov dragged Blumenthal out of the bar and held him until he fainted.

In the complaint, Blumental was kept “so long” in the choke that he “thought he was going to die.”

He said Blumenthal’s colleagues, including the vice president and managing directors, tried to stop the attack.

Instead of calling an ambulance, Erukhimov took Blumental home, gave him painkillers, and warned that his uncle and cousin were “contract killers” for Russian oligarchs.

Two days after the attack, according to the complaint, Blumental was still not fully recovered, so he was hospitalized, where he was found to be bleeding from the brain.

According to Patrick Blumenthal, he drowned for so long that he almost died, then he was dragged out of the office and warned never to talk about the incident again.
According to Patrick Blumenthal, he drowned for so long that he almost died, then he was dragged out of the office and warned never to talk about the incident again.

“He is still recovering from his injuries,” his lawyer, Dan Schar, told Acesparks on Friday.

In his complaint, Blumental added that he still suffers from PTSD, mental distress, brain injury and constant physical pain due to the incident.

Blumental claimed to have reported the incident to Goldman’s HR manager in March 2018, but the bank said it “threw this brutal attack under the rug and never spoke about it again”.

Blumenthal’s claim claimed more than $ 25,000 in damages.

Goldman Sachs’ attorneys said in their lawsuit that the company was not responsible for the injuries and that this happened during the aftermath.

The bank also said it had responded appropriately to Blumenthal’s complaints and that it had not turned down an offer to interview about the attack.

“Goldman Sachs has no comment on this,” said bank spokeswoman Maeve DuVally.

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