---
schema_version: "secwatch.filing_event.v1"
accession: "0001856437-21-000006"
form_type: "8-K"
ticker: "VSCO"
cik: "0001856437"
company_name: "Victoria's Secret & Co."
filed_at: "2021-09-08T23:59:59+00:00"
generated_at: "2026-06-29T05:18:48.053285+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Court preliminarily approves derivative settlement over L Brands workplace misconduct; $90M governance reforms

## Summary
- Settlement resolves stockholder derivative actions alleging fiduciary duty breaches over workplace harassment and ties to Jeffrey Epstein.
- L Brands commits $90M over 5 years to fund governance reforms including anti-harassment policies, training, and DEI initiatives.
- Individuals deny wrongdoing; Special Committee concluded settlement is fair and in best interests of the company and stockholders.
- Final court approval hearing set for January 18, 2022; no direct payments to shareholders, all benefits go to the company.
- Reforms apply to both successor entities Bath & Body Works and Victoria's Secret for 5 years.

## SEC filing metadata
- accession: 0001856437-21-000006
- form_type: 8-K
- ticker: VSCO
- cik: 0001856437
- company_name: Victoria's Secret & Co.
- filed_at: 2021-09-08T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856437/000185643721000006/0001856437-21-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856437/000185643721000006/vsco-20210908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856437-21-000006
- JSON: https://secwatch.observer/filing/0001856437-21-000006.json
- Plain text: https://secwatch.observer/filing/0001856437-21-000006.txt

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