L Brands Agrees To $90M Settlement To Resolve Sexual Harassment Claims

Mealey's (August 2, 2021, 2:16 PM EDT) -- COLUMBUS, Ohio — The parent company of Victoria’s Secret and Bath & Body Works LLC will use $90 million in company funds to implement a series of corporate governance measures agreed upon with shareholders as part of a shareholder derivative lawsuit settlement agreement stemming from claims that certain of the company’s current and former senior executives created a toxic culture of sexual harassment toward females, damaging the company’s ability to spin off Victoria’s Secret, according to a settlement agreement filed July 30 in Ohio federal court....