Gap Investor Asks 9th Circuit To Overturn Dismissal In Board Diversity Suit

Mealey's (October 15, 2021, 9:20 AM EDT) -- SAN FRANCISCO — An investor who brought a shareholder derivative lawsuit against several current and former executive officers and directors of clothing retailer The Gap Inc. over the company’s lack of racial and ethnic diversity on its board of directors and senior management team asked a Ninth Circuit U.S. Court of Appeals panel on Oct. 7 to overturn a federal magistrate judge’s dismissal of her claims on the basis of forum non conveniens because her federal securities law claim provided the district court with exclusive jurisdiction over the claim....