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Article

1 Jan 2002

Author:
Cheryl L. Wade, in University of Pittsburgh Law Review

Racial Discrimination and Directorial Duty of Care

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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