Executive search firm CTPartners (NYSE MKT: CTP) announced Monday it is aware a former employee submitted a complaint to the US Equal Employment Opportunity Commission but said the claim does not have merit.

The New York Post newspaper reported Monday CTPartners took away profitable accounts from female workers and subjected them to lewd behavior, including at a party where executives allegedly took off their clothes and jumped in a swimming pool. The Post cited a confidential complaint.

In a written statement, CTPartners said:

“CTPartners takes all allegations of discrimination very seriously. As soon as the firm was informed of concerns by an employee earlier this year, the chief operating officer undertook a comprehensive investigation, along with external counsel. Based on that investigation, the company believes that the claim does not have merit.

“CTPartners is fundamentally committed to a diverse workforce, and promotes an inclusive and positive working environment. CTPartners is proud that more than one-third of the firm’s partners are women, and that 10 of the 17 end-of-year senior-level promotions were earned by female executives.”

Separately, the company announced Monday it withdrew a planned public offering stock by the company and Chairman and CEO Brian M. Sullivan because of market conditions.