The Gap Nabs Dismissal Of Investor's Board Diversity Suit
By Craig Clough ( April 27, 2021, 11:38 PM EDT) -- A California federal magistrate judge on Tuesday granted The Gap board members' request to toss a shareholder's derivative suit alleging they failed to uphold their stated commitment to diversity and inclusion, saying the company's bylaws contain a clear forum selection clause requiring derivative claims to be brought in the Delaware Court of Chancery....
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