Tech Company’s Board Hit With Shareholder Derivative Suit Over Lack Of Diversity

Mealey's (February 19, 2021, 8:48 AM EST) -- WILMINGTON, Del. — An investor filed a shareholder derivative lawsuit against a technology company’s board and directors in Delaware federal court on Feb. 9, alleging, inter alia, that the defendants breached their fiduciary duty and violated federal securities laws by failing to take necessary steps to properly diversify its workforce even though the company had publicly stated that it sought to do so....

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