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Carta replies to gender discrimination lawsuit, denies all claims

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.

Go deeper (1 min. read)Arrow
Dan Primack, author of Pro Rata
10 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Go deeper (1 min. read)Arrow
Shawna Chen
12 hours ago - Politics & Policy

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.

Go deeper (1 min. read)Arrow