Michael L. Feinstein, P.A.

Oracle Corp. facing a lawsuit over an alleged lack of diversity

Most companies want to do their best to ensure that diversity is a significant part of their operations. They want to employ diverse workers, appeal to diverse clients and customers, and have an overall reputation of harboring diverse interests. However, some parties may feel that a company is not doing enough to further diversity and a lawsuit could result.

Florida readers may be interested in a lawsuit recently filed by a shareholder against Oracle Corp. that claims the company has not stood by its diversity promises. The shareholder indicated that the company's board has only one representative of minority ethnicity and that the board has no Black executives. The claims also stated that the company promises diversity in its filings and annual reports to shareholders, but those promises have not been fulfilled.

The shareholder wants the lawsuit to cause changes in the company, including the resignation of at least three directors and the chairman of the board in order to create a more ethnically diverse board. At the time of the report, the company had not provided a statement regarding the claims issued in the lawsuit. It was noted that Oracle is also facing a class action lawsuit regarding pay discrimination.

When a company faces a lawsuit or multiple lawsuits, it is vital that the proper steps are taken to handle the issues in the most appropriate way possible. It can be difficult to determine which avenues may be the best to pursue, but Florida business owners facing a similar ordeal can review their options with knowledgeable attorneys. Their legal counsel can provide specific insight into which steps could be most viable for working toward favorable outcomes.

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