Lawsuits Challenge Corporate Diversity Pledges After Floyd

A growing number of lawsuits accuse major companies that prioritized diversity, equity and inclusion initiatives in recent years of falling short on their promises.

Almost 40 suits have been filed against companies including Delta Air Lines Inc. and Wells Fargo & Co. in the last three years because of allegedly misleading statements about diversity and equity commitments, according to an analysis of Bloomberg Law data. A common theme between the suits allege companies failed to live up to their DEI aspirations or, in some cases, implemented goals that allegedly fall outside a company’s mission to return value to shareholders.

Many ...