Shareholder derivative lawsuit

Qualcomm Inc.

On July 17, 2020, Bottini & Bottini filed a shareholder derivative lawsuit in the United States District Court for the Southern District of California against Qualcomm's Board of Directors and its CEO, Steven Mollenkopf. Qualcomm has zero African Americans on its Board of Directors and zero African Americans among its senior executives. Qualcomm's workforce is also only comprised of 1.5% of African Americans. In stark contrast to this lack of diversity, Qualcomm has repeatedly professed that it has strong policies and internal controls in place to ensure diversity at the company.

Facebook Inc.

“Most corporations do not have black people on their boards and few, if any, black people in senior management. This is part of the reason that we have a high level of racial inequality in the US.”

Oracle Corp

On Thursday, July 2, 2020, Bottini & Bottini, Inc,. and Renne Public Law Group filed a shareholder derivative lawsuit against the Board of Directors of Oracle Corporation in the United States District Court for the Northern District of California.

The complaint alleges that Oracle’s Directors, wishing to avoid public backlash, have repeatedly made misrepresentations in the Company’s public statements by claiming to have a multitude of policies, internal controls, and processes designed to ensure diversity both at the management level and the Board itself.

Google

On January 10, 2019, Bottini & Bottini and the Renne Public Law Group filed a shareholder derivative action in the Superior Court for the State of California, County of San Mateo, against Google’s Board of Directors and certain executives of the Company. The complaint is the product of substantial investigation by the law firm of Bottini & Bottini, including a shareholder inspection demand, pursuant to which Google produced non-public minutes from its Board of Director and Board Committee meetings.

A10 Networks Inc.

On June 24, 2015, Bottini & Bottini filed a shareholder derivative lawsuit on behalf of A10 Networks, Inc. in Santa Clara, California County Superior Court. The complaint alleges that, during the Relevant Period (April 2012 to the present), the Individual Defendants caused the Company to infringe patents and intellectual property held by Foundry Networks, which was subsequently acquired by Brocade Communications Systems, Inc. After being sued by Foundry and Brocade, A10 Networks was forced to pay $75 million to settle the case.

Marrone Bio Innovations

On October 14, 2015, Bottini & Bottini filed a complaint in California state court against officers and directors of Marrone Bio Innovations, Inc. and its auditor (Ernst & Young), alleging breaches of fiduciary duty and accounting malpractice related to false financial statements issued by Marrone. The Company has admitted that the financial statements were false and that the Company will be required to restate its financial results.

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