Dismissal Of Gap Board Diversity Suit Proper On Forum Non Conveniens Grounds

Mealey's (December 9, 2021, 1:30 PM EST) -- SAN FRANCISCO — A federal district court’s dismissal of an investor’s claims in a shareholder derivative lawsuit against 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 was proper because the investor failed to sufficiently honor the company’s forum-selection clause in bringing her lawsuit, the officers and directors argue in a Dec. 8 appellee brief filed in the Ninth Circuit U.S. Court of Appeals....