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.
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