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SoFiLawSuits 2017-11-15T04:57:09+00:00

Social Finance Sexual Harassment and Wage Suits

Social Finance employees have sued the company for sexual harassment, retaliation, and wage & hour violations

The Social Finance public relations disaster started when SoFi employee, Brandon Charles, was fired for, among other things, advising the company about potential sexual harassment in its Healdsburg Office.  Mr. Charles hired The Ottinger Firm and we contacted Social Finance, known as SoFi, but they were dismissive.  SoFi did not take Mr. Charles’ claim seriously so we sued them.   The suit was covered widely in the media here, and here for example.   An avalanche of SoFi employees contacted us reporting sexual misconduct at the highest levels and wild sexual escapades at the company’s Healdburg office.  Others complained about gross mistreatment and violations of California’s labor laws.   We amended Mr. Charles’ retaliation suit to allege that his firing was the result of a sexualized company culture that originated from the top.   We filed a class action suit over the labor law violations.   We expect to file more cases.   A more detailed explanation of the pending cases follows below.

Class Action for Wage & Hour Violations

This case covers hourly SoFi employees who were deprived of meal and rest breaks.   We are also investigating other wage violations such as unlawful deductions from pay checks, unpaid bonuses and other related labor law claims.  If you have information about these issues or are interested in joining the case, please contact us or call us at 212-571-2000.

SoFi Class Action Complaint

Retaliation Suit:  Brandon Charles v. Social Finance

Brandon Charles was employed by SoFi as a Senior Operations Manager at the Healdsburg office from March 1, 2017 to June 5, 2017.   During the course of his employment, he realized that certain managers were manipulating loan applications in order to enhance their bonuses.  He also learned that another manager was openly discussing sexual activities in front of female subordinates.   Mr. Charles reported these issues to SoFi. Rather than thanking Mr. Charles, SoFi fired him for being a nuisance.    In California, it’s illegal to fire an employee for reporting this type of conduct.

Amended Complaint:  Charles v. Social Finance

 

SoFi Law Suits

If you have information about SoFi or think you might have a case, please contact us.   Click the button or call us at 212-571-2000.

SoFi cannot legally retaliate against you for cooperating with our cases.

The Ottinger Firm, P.C. is representing the SoFi employees in the cases listed on this page.

Robert Ottinger
The Ottinger Firm, P.C.
535 Mission Street
San Francisco, CA 94105
212-571-2000
robert@ottingerlaw.com

Latest News:

September 12, 2017

We plan to file several more suits against SoFi.   The first case will allege that SoFi allowed a sexually hostile work environment to exist at the company’s Healdsberg office.   As already described in several news accounts, SoFi employees have stated that the Healdsberg office was plagued with a permissive sexual atmosphere where certain managers openly engaged in sex with subordinates.   Our case will be based on this conduct.  We will post the complaint here when it is filed later this week.

News Articles

Questions Over CEO’s Conduct Cloud Social Finance

New York Times, September 12, 2017

CEO’s Fall Clouds Prospects of FinTech Firm SoFi

Wall Street Journal, September 12, 2017

 Chief Executive of Social Finance, an Online Lending Start Up, to Step Down

New York times, September 11, 2017

FinTech Firm SoFi Says CEO Mike Cagney Will Step Down by Year End 

Wall Street Journal, September 12, 2017