Guess? board to settle Marciano’s harassment case

NEW YORK: Guess? Inc directors agreed to a settlement worth as much as US$30mil to resolve claims they turned a blind eye to co-founder Paul Marciano’s harassment of the company’s models despite sexual misconduct allegations levelled by supermodel Kate Upton and others.

The board members agreed to an accord that calls for US$22mil to be paid to settle a pension fund’s lawsuit alleging they allowed Marciano to treat the company’s models “as his personal harem” and failed to monitor the millionaire fashion designer.