Corporate,
Civil Litigation
Apr. 16, 2021
Lawsuit over NortonLifeLock’s diversity likely to be dismissed
Identical lawsuits against at least six other companies, including Facebook, Oracle and Qualcomm, have been filed by the Renne Public Law Group and Bottini & Bottini, which are representing shareholders in this case. They allege the companies breached their duty to shareholders by claiming success in achieving diversity.
A federal judge in San Francisco indicated Thursday he will dismiss a lawsuit accusing NortonLifeLock of misleading shareholders on its commitment to diversity because the plaintiffs do not point to any misrepresentative statements made by the software company.
"You have to give me some reason to believe or understand why you believe the statements were false other than the label: 'We think it's false,'" said U.S. District Judge
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