Recent derivative shareholder suits alleging that tech companies failed their fiduciary duty in not hiring Black board members face high hurdles in court, but could add timely pressure for real action on diversity.
Since July 2, California law firm Bottini & Bottini Inc. has filed derivative shareholder suits in two California federal courts against Facebook Inc. and Oracle Inc.—as well as chipmaker Qualcomm Inc. and most recently NortonLifeLock Inc., filed Aug. 5. The Renne Public Law Group joined in two of the filings.
The complaints landed as the Black Lives Matter movement and ongoing protests over police brutality and social ...
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