April 27, 2021
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.
April 26, 2021
The Gap's board members urged a California federal magistrate judge Monday to toss a shareholder's derivative suit alleging that they failed to uphold their stated commitment to diversity and inclusion, arguing that the investor can't flout the Gap's forum-selection clause requiring that the dispute be resolved in the Delaware Court of Chancery.
September 02, 2020
The Gap has dropped the ball on fostering diversity at the company's highest levels, publicly claiming to be dedicated to racial equality while in reality having an overwhelmingly white board of directors, a Gap investor told a California federal court Tuesday.