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The Employees' Retirement System of Rhode Island, derivatively on behalf of PINTEREST, INC. v. Silbermann et al
Case Number:
3:20-cv-08438
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
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January 27, 2022
Alsup Fears $50M Pinterest Workplace Deal May Be 'Cosmetic'
U.S. District Judge William H. Alsup said Thursday he's inclined to greenlight Pinterest's $50 million deal resolving derivative shareholder litigation alleging discriminatory workplace conditions, but expressed several concerns, saying he's seen "cosmetic settlement after cosmetic settlement" and "this kind of looks like that scenario."
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December 01, 2020
Pinterest Shareholders Sue Over Discrimination Claims
Social media company Pinterest was hit with a shareholder derivative suit Monday alleging the company's executives and directors ignored a culture of race and sex discrimination, harming the company as it fights other suits and reputational harm.