Goldman Sachs settles abuse lawsuit with former employee


Goldman Sachs has settled a lawsuit filed by a former intern in California who alleged that the financial institution fostered a fraternity-like tradition of hazing — with strain to drink excessively and at the least one incident of bodily violence.

Terms of the settlement with Patrick Blumenthal, a Drexel University scholar on the time of his 2017 internship with Goldman, weren’t disclosed in a Friday night submitting in San Francisco Superior Court. 

The deal got here per week forward of a scheduled listening to on the financial institution’s request to dismiss the lawsuit.

During his time at funding financial institution, Blumenthal was assigned to a gaggle that referred to itself as “Team 007” and was helmed by Julius Erukhimov, a non-public monetary wealth advisor who glided by the nickname “Fast Julie.”

Photos of the staff have been displayed on a plaque on a wall within the office with workers’ and interns’ nicknames beneath, in accordance with Blumenthal’s lawsuit. His nickname was allegedly “Bloomy” and was pronounced mockingly as “Blew Me,” he claimed in court docket papers.

Among the extra extreme allegations made within the grievance is that on Feb. 9, 2018, Blumenthal and his colleagues went for a drink and ended up being bodily assaulted by Erukhimov.

Patrick Blumenthal, who was an intern at Goldman Sachs, sued the company over fraternity-like tradition of hazing.

Amid heavy ingesting, Erukhimov allegedly turned offended a couple of joke Blumenthal made and punched him within the abdomen, then began wrestling with him.

Erukhimov dragged Blumenthal exterior the bar and stored him in a chokehold till he handed out and urinated on himself, the lawsuit alleges.

Blumenthal was stored within the chokehold “so long” within the chokehold that he “thought he was going to die,” he mentioned within the grievance.

Noe of Blumenthal’s colleagues, together with a vice chairman and managing administrators, tried to cease the alleged assault, he claimed.

And relatively than name an ambulance, Erukhimov drove Blumenthal dwelling to his condominium, gave him ache medication and instructed him to not inform anybody concerning the incident, warning that his uncle and cousin have been “contract killers” for Russian oligarchs, in accordance with the swimsuit.

Two days after the assault, Blumenthal had nonetheless not absolutely recovered, in accordance with the grievance, so he went to the hospital, the place he claimed he was recognized with bleeding to the brain.

According to Patrick Blumenthal, he was put in a chokehold for therefore lengthy that he virtually died after which was dragged from the office and warned by no means to talk of the incident once more.
Spencer Platt/Getty Images

“He is still receiving treatment for his injuries,” his lawyer, Dan Schaar, told Bloomberg on Friday.

In his grievance, Blumenthal added that he nonetheless offers with PTSD, psychological anguish, a brain damage, and doubtlessly everlasting bodily ache as a result of incident.

Blumenthal claimed he reported the incident to a human resources government at Goldman in March of 2018, however mentioned the financial institution “swept this brutal attack under the rug and never spoke of it again.”

Blumenthal’s swimsuit sought greater than $25,000 in damages. 

Lawyers for Goldman Sachs argued in court docket filings that the company wasn’t responsible for the accidents, saying that it occurred at an after-hours work occasion.

The financial institution additionally mentioned it responded appropriately to Blumenthal’s complaints and that he didn’t return a proposal to be interviewed concerning the assault.

Representatives for Goldman didn’t instantly return The Post’s request for remark.