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In a striking illustration of today’s significant and increasing focus on diversity and inclusion in corporate America, at least 12 public companies recently have been sued by their own shareholders, who accuse directors and officers of failing to diversify their boards and C-suites and comply with anti-discrimination laws. The suits also typically allege that the companies falsely touted their commitment to diversity. The claims are cast as derivative suits, in which a shareholder seeks to bring claims on behalf of the corporation. The companies sued have spanned a wide range of industries, from Big Tech to health care and retail.
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