---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-21-011558"
form_type: "8-K"
ticker: "VSCO"
cik: "0001856437"
company_name: "Victoria's Secret & Co."
filed_at: "2021-07-30T23:59:59+00:00"
generated_at: "2026-06-30T00:31:55.344149+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# L Brands settles derivative claims over workplace misconduct; companies to invest $45M each

## Summary
- Global settlement resolves all derivative claims alleging workplace misconduct at L Brands.
- Each company (Bath & Body Works, Victoria's Secret) commits $45M over at least 5 years for governance reforms.
- Reforms include DEI council, strengthened harassment reporting policies, and hiring a DEI consultant.
- Settlement filed in Rudi v. Wexner in Southern District of Ohio; subject to court approval.
- Terms follow planned August 2, 2021 spin-off of Victoria's Secret & Co.

## SEC filing metadata
- accession: 0000950103-21-011558
- form_type: 8-K
- ticker: VSCO
- cik: 0001856437
- company_name: Victoria's Secret & Co.
- filed_at: 2021-07-30T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856437/000095010321011558/0000950103-21-011558-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856437/000095010321011558/dp155258_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-21-011558
- JSON: https://secwatch.observer/filing/0000950103-21-011558.json
- Plain text: https://secwatch.observer/filing/0000950103-21-011558.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.