9th Circuit To Rehear Investor Appeal In Gap Board Diversity Derivative Suit

Mealey's (October 27, 2022, 1:14 PM EDT) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals issued an order agreeing to rehear an investor’s appeal of a federal district court’s dismissal of the investor’s derivative lawsuit against current and former executive officers and directors of clothing retailer The Gap Inc. over the company’s lack of racial and ethnic diversity on its board of directors and senior management team....