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Illustration: Aïda Amer/Axios

Carta, an equity management "unicorn," has filed its response to a former executive's gender discrimination lawsuit, denying all her claims and disputing some allegations, including that the increase in her pay was due to a gender-based disparity.

Why it matters: Regardless of the legal outcome, the case won't do any PR favors for Carta, which is using the same lawyer that venture capital firm Kleiner Perkins used when it faced a gender discrimination lawsuit.

  • Carta's legal reply on Thursday has not yet appeared in the court's online filing system, but Axios received a copy from a representative for the plaintiff.

Editor's note: The story has been updated to clarify that Carta did increase Kramer's pay, but not due to a gender pay gap.

Go deeper

Ben Geman, author of Generate
Dec 2, 2020 - Economy & Business

Corporate boards with women are more innovative on climate

Illustration: Aïda Amer/Axios

Having at least 30% women on corporate boards "makes a key difference to climate governance and innovation," per new analysis of thousands of companies from the research firm BloombergNEF.

Why it matters: Companies worldwide are coming under increased pressure to curb emissions, adopt cleaner tech and disclose emissions data.

57 mins ago - World

Italy tightens COVID restrictions as experts warn of growing prevalence of variants

Health workers prepare vaccine doses in Iseo, Italy. Photo: Stefano Nicoli/NurPhoto via Getty Images

Italy on Saturday announced it was tightening restrictions in five of the country's 20 regions in an effort curb the spread of the coronavirus.

Driving the news: The announcement comes as health experts and scientists warn of the more transmissible coronavirus variants, per Reuters.

2 hours ago - Health

Health care in the New Washington

Illustration: Sarah Grillo/Axios

As America emerges from the pandemic, here's a special Axios AM Deep Dive on the Biden administration's health care agenda.