In re Pinterest Derivative Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
No. C 20-08331-WHA 7 No. C 20-08438-WHA No. C 20-09390-WHA No. C 21-05385-WHA 9 (Consolidated)
ORDER RE MOTIONS FOR FINAL
This Document Relates to: SETTLEMENT APPROVAL AND
ATTORNEY’S FEES
ALL ACTIONS.
14 INTRODUCTION In this shareholder derivative suit, plaintiffs move for final approval of a settlement and for attorney’s fees and costs. Defendants do not oppose, but one shareholder has objected. For the reasons stated below, the objection is OVERRULED. To the extent stated below, the motions are GRANTED. STATEMENT A prior order detailed our facts (Dkt. No. 115). In brief, this lawsuit, brought by Pinterest shareholders, arises out of allegations of widespread race and sex discrimination at defendant Pinterest, Inc. Two former Pinterest employees, for example, complained internally, and later publicly, about discrimination they experienced as Black women while working for Pinterest. …