Facebook Defeats Shareholder Suit Challenging Alleged Failures In Its Diversity and Inclusion Practices
By EsqSocial Corporation 12/04/21
In Ocegueda v. Zuckerberg, No. 20-CV-04444, 2021 WL 1056611 (N.D. Cal. Mar. 19, 2021), the United States District Court for the Northern District of California became the first court to rule on a motion to dismiss claims alleging deficiencies in a company’s compliance with policies intended to promote diversity. The plaintiff, a common stockholder of Facebook, Inc. (“Facebook” or the “Company”), alleged claims for breach of fiduciary duty and further alleged defendants made false and misleading...
By: Sheppard Mullin Richter & Hampton LLP