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Racial Discrimination and Directorial Duty of Care

Author: Cheryl L. Wade, in University of Pittsburgh Law Review, Published on: 1 January 2002

In 1996, Texaco settled a class action alleging race discrimination for $176 million, and in 2000, Coca-Cola settled race discrimination litigation for $192.5 million...boards and executives breach their fiduciary duty of care owed to shareholders when they fail to investigate and monitor their employees' complaints of racism.

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Related companies: Coca-Cola Texaco (part of Chevron)