Companies Hit with Lawsuits for Lack of Diversity

by Julie Graber | on 3 Sep 2020

These companies have been hit with shareholder derivative lawsuits for claiming to have a commitment to diversity but lacking any evidence of it on its board and executive team. The list includes links to articles with more detail re: the lawsuits.

  • Yet Another Board Diversity Derivative Lawsuit, This Time Against Danaher's Board. 
  • The Gap  hit with a lawsuit for preaching diversity & having no Blacks among its top leadership. Remedy requested includes replacement of at least 2 board members with black directors & repayment of board's compensation for 2020. (Sept 03, 2020) 
  • NortonLifeLock is latest company to be hit with a shareholder lawsuit alleging that company statements about its commitment to diversity, the company’s board and senior management lacks racial diversity. (Aug 19, 2020)
  • Lawsuits challenge alleged false proxy statements about commitment to diversity.
  • Qualcomm latest company to face shareholder lawsuit charging board violated duties by falling short of stated objectives on diversity and inclusion l (Jul 21, 2020)
  • Facebook Board Hit with Derivative Lawsuit on Board Diversity and Other Race-Related Issues (Jul 16, 2020)
  • Oracle Diversity Lawsuit: shareholder is suing the organization for making false and misleading statements re: its commitment to diversity in SEC filings. Could others be held accountable as well? (Jul 05, 2020)
  • Shareholder brings lawsuit against Oracle for lack of diversity; claims ‘Blacks Need Not Apply’ sign would be appropriate sign for Oracle HQ. No black board members or top execs, race & gender pay disparities. (Jul 07, 2020) 

Photo: Drew Beamer, UnSplash

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