(Fairlawn, OH) -- A published report appears to blow the lid off a massive sex scandal within an Akron-area company. The Washington Post released details of a class-action lawsuit filed by former Sterling Jewelers employees who say they were regular victims of sexual harassment and gender discrimination.
Executives with the Fairlawn-based owner of mall-based jewelry stores have denied the allegations listed in the nearly ten-year-old lawsuit.
News of the allegations has affected the stock price of Sterling’s parent company, Signet Jewelers. The Akron Beacon Journal reports Signet stock was down $7.03 a share to $65.83, a little more than an hour after the New York Stock Exchange opened on Tuesday. Signet’s stock had already fallen because of of reduced holiday sales at Signet-owned stores, including Kay Jewelers, Zale’s, and Jared the Galleria of Jewelry.
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