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Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee on Capitol Hill, on Wednesday, October 23, 2019. Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee on Capitol Hill on Oct. 23, 2019. Photo: Diego M. Radzinschi/ALM

A federal judge dismissed a Facebook shareholder derivative suit claiming the company harmed investors by not following through with its stated commitment to diversity and inclusion.

The order could be a signpost for rulings in several similar shareholder derivative suits filed in the last year seeking court orders compelling companies such as Oracle, Qualcomm and Cisco to diversify their leadership and board structures.

Alaina Lancaster

Alaina Lancaster, based in San Francisco, covers disruptive trends and technologies shaping the future of law. She authors the weekly legal futurist newsletter What's Next. Contact her at [email protected]. On Twitter: @a_lancaster3

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