Media mogul's $10B McDonald's discrimination suit will go to trial, federal judge rules [FOX Business Network]
McDonald's Corporation (MCD)
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Source: FOX Business Network
A federal judge in California has ruled that media mogul Byron Allen's $10 billion racial discrimination lawsuit against McDonald's may proceed to trial. In what United States District Judge Fernando M. Olguin said was a "close call," the court found that Allen's claims that the fast-food chain engaged in "racial stereotyping" by not advertising with Black-owned media would best be addressed by a jury. "At a minimum, this is the type of case where the ‘trial court is permitted, in its discretion, to deny even a well-supported motion for summary judgment, if it believes the case will benefit from a full hearing,'" Olguin ruled in a 25-page order. Ticker Security Last Change Change % MCD MCDONALD'S CORP. Powered By The lawsuit alleges that McDonald's violated federal and California civil rights laws by deeming Allen's networks ineligible for the "vast majority" of its advertising dollars. Allen accused McDonald's of relegating his Entertainment Studios Networks,
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MCD
Earnings
- 10/29/24 - Beat
MCD
Sec Filings
- 11/26/24 - Form 4
- 11/25/24 - Form 144
- 11/7/24 - Form 10-Q
- MCD's page on the SEC website