NEW ORLEANS, April 27, 2018 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Microsoft Corporation (NasdaqGS: MSFT).
During a period of time spanning 2010 to 2016, the Company received over 200 internal complaints filed by female workers claiming gender discrimination or sexual harassment, according to disclosures recently made by the Company. Further, the Company's internal review process resulted in a denial of approximately 93% of the claims, finding merit in only one gender discrimination claim and 15 sexual harassment or assault claims. The alleged culture of sexual bias and mistreatment has been the basis of significant negative media exposure for the Company as well as several lawsuits brought by former employees in state and federal courts. In one such ongoing case, the plaintiffs charge that based on data from Microsoft, discriminatory treatment cost female workers up to $238 million in compensation and more than 500 promotions during a four-year period, and are seeking to have the case certified as a class action, which, if granted could potentially include more than 8000 women.
KSF's investigation is focusing on whether Microsoft's officers and/or directors breached their fiduciary duties to Microsoft's shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Microsoft shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-msft/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.