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Company that created iconic feminist statue just settled the most ironic lawsuit possible

The company behind the "Fearless Girl" statue lauded for symbolizing the empowerment of women just settled a lawsuit accusing them of gender and race discrimination. (Photo by Drew Angerer/Getty Images)

The firm that created the iconic "fearless girl" statue meant to symbolize feminism and women's equality just settled a lawsuit for gender inequity.

What did they do?

The State Street Corporation was sued for underpaying female and black employees. They just settled with the litigants and agreed to pay $5 million.

A 2012 Department of Labor investigation found that women were paid less than their male counterparts. They concluded the company awarded women "lower base salaries, bonuses and total compensation than men."

Why did they install the statue?

The State Street Corporation installed the statue in March of 2017 just ahead of International Women's Day. “She stands as a reminder," said a spokesman of the company, "that having more women in leadership positions can lead to increased performance and a stronger economy."

A plaque under the statue reads, "Know the power of women in leadership. SHE makes a difference."

Even though it seemed to be a stunt advertising for an index fund, Senator Liz Warren (D-Mass.) posed with it in a photo op that was mocked by many conservatives. 

Did they admit to the gender discrimination accusations?

No, they did not.

"While we disagreed with the [federal office]'s analysis and findings, we have cooperated fully with them," the company said in a statement, "and made a decision to bring this six year-old matter to resolution and move forward."

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