CASE NAME

National Center for Public Policy Research v. Schultz et al

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Overview

Plaintiff, an advocacy group, brought a shareholder derivative lawsuit against Starbucks' directors and officers.

Details

Plaintiff claimed that Starbucks' directors and officers violated their fiduciary duties to the company by pursuing DEI and ESG initiatives. Court rejected Plaintiff's claim, finding that Plaintiff brought the claim to advance its own political and public policy agendas, and that Plaintiff failed to show that the Starbucks Board did not act on an informed basis and in good faith.

Court

U.S. District Court, Eastern District of Washington

Status

Filed November 07, 2022 | Decided

Relevant Law

Fiduciary duties