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.
March 19, 2021 at 09:07 PM
1 minute read
Litigation editor
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.
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Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee on Capitol Hill on Oct. 23, 2019. Photo: Diego M. Radzinschi/ALM
