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How will IBM's stock price change one month after lawsuit resolution?
5
Resolution / Starting Odds
Stock price increases • 33%
Stock price decreases • 33%
Stock price remains stable • 34%
IBM stock price data from credible financial market sources
Story
Missouri AG Sues IBM Over Alleged Racial and Gender Quotas, Discrimination Against Whites and Asians
Jun 20, 2024, 03:14 PM
Missouri Attorney General Andrew Bailey has filed a lawsuit against IBM, alleging the company violated the Missouri Human Rights Act by implementing unlawful racial and gender quotas in its hiring and promotion practices. The lawsuit, filed in the circuit court of St. Louis County, claims that IBM's policies favor applicants based on gender and skin color, and that current employees' pay is influenced by their participation in these practices. Bailey described these actions as 'outrageous and illegal,' emphasizing that such quotas discriminate against whites, Asians, and men. The lawsuit is seen as an important step in addressing 'corporate racism,' according to Missouri AG.
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