If Oracle admitted that it does not want Black board members, “it would be racist but honest,’ says a shareholder suit against the company and certain directors alleging that its false commitment to diversity has financially harmed investors. 

The suit comes as corporate America reckons with calls for greater diversity and support for minority workers in light of escalating racial tensions across the country, resulting in some business leaders such as Reddit co-founder and board member Alexis Ohanian stepping aside to make way for black and diverse talent.