March 02, 2022
A California federal judge has tossed a shareholder derivative action against Cisco Systems Inc. over alleged shortcomings on the tech giant's commitments to diversity, finding the retirement fund suing the company didn't properly allege that its board failed to act on a demand letter before litigation began.
May 03, 2021
Cisco Systems Inc. asked a California federal judge to dismiss a shareholder derivative action accusing it of falling short on its commitments to diversity, saying the "fatally flawed" litigation is not the right way to address issues of inclusion.