Corporate,
Civil Litigation
Apr. 29, 2021
Another judge dismisses suit over board diversity, citing forum
U.S. Magistrate Judge Sallie Kim ruled the Delaware Court of Chancery should be the exclusive forum because of the company’s forum selection clause.
Clothing retailer Gap Inc. avoided a board diversity lawsuit after a federal judge dismissed the case based on a forum selection clause saying that it should be tried in Delaware.
Noelle Lee, a shareholder in Gap Inc., sued the company last year, claiming it failed to create diversity on its board of directors. Lee also alleged that the company made false statements about its diversity efforts and breached the Securities Exchange Ac...
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