The definitions in our glossary are primarily sourced from Nolo’s Plain-English Law Dictionary and Cornell Law School’s Legal Information Institute. We have made slight modifications where needed for brevity and to better tailor the definitions to the specific needs of users of this website. For more detailed explanations of the terms, users are encouraged to review the definitions on these websites or conduct their own independent research.
CASE NAME
National Center for Public Policy Research v. Schultz et al
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 dutiesTopic
Directors' duties