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Shareholders' lawsuit: No representation on the blackboard



A shareholder derivative lawsuit has been filed against an industrial and medical conglomerate on the grounds that it has no black board members.

Lawsuit against Washington-based Danaher Corp. in the U.S. District Court. of Columbia i City of Pontiac General Employees & # 39; Retirement system v. Thomas P. Joyce Jr. et al. describes the company as one of the country's 20 largest companies without a back manager.

The lawsuit, first reported in the D&O Diary blog, was filed Tuesday, the same day a similar lawsuit was filed against The Gap Inc. in California.

The complaint states: “In recent years, the defendant has publicly represented Danaher as a company that effectively promotes diversity throughout its ranks. But by 2020, there are still no African-American board members on Danaher's board. "

It states:" Instead of actually adopting diversity, the defendants have instead misled Danaher's shareholders and the public by making false and misleading claims about the company's commitment to diversity and have acted in violation of their obligation to act in Danaher and its shareholders' best interests, which research confirms is achieved through various leadership teams. .

The complaint accuses of breach of the duty of trustee, unfair enrichment and violation of the Securities Act.

The company did not respond to a request for comment.

Danaher, which designs, manufactures and markets professional, medical, industrial and commercial products, has more than 20 business ventures and reported $ 2.43 billion in net revenue for the year.

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