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Facebook Beats Derivative Suit Over Board Diversity, For Now

By Hannah Albarazi (March 22, 2021, 7:55 PM EDT) -- A California federal magistrate judge on Friday granted Facebook's bid to ax a shareholder derivative action alleging the technology giant's lack of diversity caused its stock price to fall, saying the shareholder offers only conclusory allegations that fail to establish causation while presenting inaccurate facts about the board's composition....

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