3 Cases Spotlight Shareholder Interest In Public Co. Diversity
Law360 (August 4, 2020, 5:22 PM EDT) -- In July, three separate shareholder derivative lawsuits were filed in California federal court against the directors and officers of Oracle Corp., Facebook Inc. and Qualcomm Inc., respectively.
The complaints in Dinsmore v. Ellison, Ocegueda v. Zuckerberg and Becky Kiger v. Mollenkopf — filled by Bottini & Bottini Inc. in the U.S. District Court for the Northern District of California — contain intentionally provocative allegations that, despite public statements emphasizing the importance of diversity within their respective organizations, the boards and executive management teams of Oracle, Facebook and Qualcomm, remain largely white and male, and have failed to deliver on their commitments to diversity.
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