TINTON FALLS -- A lawsuit filed Thursday afternoon by three women against several related financial firms about what they call a "Wolf of Wall Street"-like culture -- including strippers, lap dances and sex toys -- in the office has been settled.
Attorney Jeffrey Testa, who is representing the financial companies, said the allegations were being withdrawn subject to a settlement.
"We're pleased that the matter was amicably resolved," Testa said.
Attorney R. Armen McOmber, who is representing the three woman who filed the suit, said, the suit has been fully resolved.
"All allegations have been withdrawn and the case will be dismissed promptly," he said. "The parties look forward to putting this behind them."
Neither McOmber nor Testa would disclose the settlement amount.
Hours earlier, McOmber said this was "probably one of the worst cases of a misogynistic environment I've ever seen."
Nicole Orlando, Evelyn Grondski and Donna Simone alleged in their now withdrawn lawsuit the related firms of Corporate Bailout, PLG Servicing, American Funding Group, Coast to Coast Funding and managers Mark Mancino, Michael Hamill, Timothy Momat, Michael Marino, Patrick Sheehan and Daryl Alessi fostered "a corporate culture of a predatory lending and 'debt relief' firm that is so sexually aggressive, morally repulsive, and unlawfully hostile that it is rivaled only by the businesses portrayed in the films 'Boiler Room' and 'The Wolf of Wall Street.'"
The firms all share the same address of 30 Park Road, Suite 3, Tinton Falls.
Their workplace, the lawsuit alleged, "is permeated with sexual promiscuity, flooded with misogyny, swarming with provocatively dressed women, and infused with sex, drugs, and alcohol. It is the epitome of a sexually-hostile working environment."
Among the allegations lodged in the lawsuit are that strippers were brought into the office on special occasions for lap dances, the office was decorated with sex toys and genital-themed garlands, and employees were required to sign "waivers stating the company intends to have 'lewd' activity in the office during business hours."
Photos and video provided by McOmber show an apparent stripper performing in one of the offices and sex toys on desks.
Anyone who refused to sign the waiver, according to the lawsuit, was "laughed at for being 'lame,' 'prude,' or a 'tight ass,' and employees who did not participate in the lewd activity were ostracized or terminated."
The firms also allegedly hired young, attractive women "for the specific purpose of having quid pro quo sexual relationships."
"Older male managers obsessively pursue and engage in sexual relationships with younger female employees, and they use their money and power to coerce female employees into engaging in sexually promiscuous conduct in the workplace," the lawsuit alleges. "Purely for male employees to gawk at in the office, female employees are explicitly encouraged and sometimes required to wear 'crop tops,' backless dresses, and short skirts, among other provocative and skin-bearing clothing."