Judge Preliminarily Approves Settlement In Pinterest Shareholder Derivative Suit

(February 28, 2022, 12:12 PM EST) -- SAN FRANCISCO — A federal judge in California on Feb. 16 granted preliminary approval of a shareholder derivative lawsuit against several senior executives and the board of directors of Pinterest Inc. alleging that the defendants breached their fiduciary duty by participating in and/or failing to sufficiently prevent a culture of racial and sexual discrimination within the company....