Host of Companies Sued Alleging Unmet Diversity, Equity Pledges

On the heels of more companies prioritizing their new diversity, equity and inclusion (DEI) initiatives in recent years, a growing number of lawsuits accuse them of falling short on their promises.

Almost 40 suits have been filed against companies including Delta Air Lines Inc. and Wells Fargo & Co.in the last three years because of allegedly misleading statements about diversity and equity commitments, according to an analysis of Bloomberg Law data. A common theme between the suits allege companies failed to live up to their DEI aspirations or, in some cases, implemented goals that allegedly fall outside a company’s mission to return value to shareholders.

Source: Host of Companies Sued Alleging Unmet Diversity, Equity Pledges