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Steven Cohen's investment firm accused of sexism and pay discrimination

A female employee at Point72, billionaire Steven Cohen's new investment firm, is suing the company for allegedly having a sexist and hostile environment and paying women less than men, according to a complaint filed on Monday in federal court.

Why it matters: In the past year, women have grown more vocal about workplace harassment, sexism, and discrimination. Though Cohen is not personally accused of misconduct in the complaint, the lawsuit comes at a crucial time: He founded Point72 in 2014 after his previous firm plead guilty in an insider trading case. He's been working to repair his image since then.