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In re Pinterest Derivative Litigation

  1. November 14, 2024

    Pinterest Investor Attys Get $2.5M More After Deal Monitoring

    A California federal judge on Thursday awarded an additional $2.5 million in fees to attorneys who've been monitoring Pinterest's compliance with a deal that ended investors' claims the company fostered a culture of race and sex discrimination, ruling that he's "satisfied" with both parties' efforts in the wake of the settlement.

  2. June 09, 2022

    Alsup To Wait And See On Atty Fees In Pinterest Deal

    U.S. District Judge William Alsup gave final approval Thursday to a deal to end derivative claims alleging Pinterest fostered a culture of race and sex discrimination, approving $2.5 million in attorney fees rather than the $5.37 million requested, with the possibility for more after two years of compliance monitoring.

  3. April 22, 2022

    Pinterest Investors Seek $5M In Fees For $50M Derivative Deal

    Pinterest investors asked U.S. District Judge William Alsup on Thursday to approve a $5.37 million attorney fee award — which the judge has said should be paid in installments — for cutting a $50 million deal to end derivative claims alleging the social media company fostered a culture of race and sex discrimination.

  4. February 17, 2022

    Alsup OKs Pinterest Deal, But Attys Get Fees In Installments

    U.S. District Judge William Alsup has given an initial nod to a $50 million settlement between social media giant Pinterest and its shareholders, but has told attorneys for the investors that he would hold off distributing their whole fee right away.

  5. January 27, 2022

    Alsup Fears $50M Pinterest Workplace Deal May Be 'Cosmetic'

    U.S. District Judge William H. Alsup said Thursday he's inclined to greenlight Pinterest's $50 million deal resolving derivative shareholder litigation alleging discriminatory workplace conditions, but expressed several concerns, saying he's seen "cosmetic settlement after cosmetic settlement" and "this kind of looks like that scenario."