Tag: Corporate
Corporate Governance Shareholder Rights
L Brands Inks $90M Global Deal For ‘Toxic’ Workplace Suits
Multichain specialty retailer L Brands announced a $90 million corporate governance reform agreement Friday to settle multiple derivative lawsuits seeking damages arising from “toxic” workplace conditions, including sexual harassment.
Read MoreGoogle – Record-setting $310 million corporate reform settlement
In a derivative lawsuit settlement with one of the highest dollar values ever, Google parent Alphabet agreed to establish a diversity, equity, and inclusion fund as part of the settlement of the consolidated derivative litigation relating to the Company’s alleged mishandling of sexual harassment allegations against senior executives and overall culture of sexual discrimination and harassment.
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