May 17, 2022
An Ohio federal judge has given his final approval to a corporate governance reform deal to end multiple derivative lawsuits over purportedly toxic workplace conditions at the multichain, specialty retailer L Brands, in a settlement that includes $21 million in attorney fees for the shareholders' counsel.
July 30, 2021
Multichain specialty retailer L Brands announced a $90 million corporate governance reform agreement Friday to settle multiple derivative lawsuits seeking damages arising from "toxic" workplace conditions, including sexual harassment.
June 18, 2020
Victoria's Secret's parent company L Brands' "hostile, abusive environment rife with sexual harassment" has irreparably harmed the reputation of the lingerie company and wrecked plans to spin it off, according to a derivative shareholder suit removed to Ohio federal court Wednesday.