"Oregon Attorney General Ellen Rosenblum and Treasurer Tobias Read today announced a settlement with L Brands, Inc. (NYSE: LB), owner of Victoria’s Secret, PINK and Bath & Body Works, that commits $90 million of company funds to (1) protect employees from harassment and discrimination and (2) require accountability from executives when misconduct occurs. The settlement also releases former employees from non-disclosure agreements (NDAs), allowing them now to speak publicly about their experiences.
The settlement is on behalf of the Oregon Public Employees Retirement Fund and other shareholders who alleged that L Brands’ board of directors failed to investigate former CEO and Chairman Emeritus Leslie Wexner’s close personal ties with pedophile Jeffrey Epstein, and ignored a widespread and pervasive culture of sexual harassment at the company.
“The days of promoting a culture of silent harassment and fear are over at Victoria’s Secret and other L Brands companies,” said Attorney General Rosenblum. “L Brands will now have to operate as a fair and safe workplace with the necessary reporting systems, trainings and oversight to ensure victims of harassment and discrimination are supported — not silenced.”
https://www.doj.state.or.us/media-home/news-media-releases/oregon-secures-major-sexual-harassment-and-governance-reforms-with-owner-of-victorias-secret-pink-and-bath-and-body-works/