In his complaint, Llorens accused LexShares, along with Rosner and Van Lint, of a pattern of racial bias. Llorens alleged that he was offered smaller bonuses than his white counterparts, and that his ideas were frequently dismissed without consideration. He further contended that his performance metrics were altered without notice, resulting in an unjust negative review shortly before his resignation. Meanwhile, his colleagues, Chief Investment Officer Max Volsky and President Jay Greenberg, were not subject to similar changes in performance criteria, he said.
Despite his objections, Llorens claimed that the board insisted on recruiting a replacement for him, leading to his resignation in December 2022.
Legal Battle Continues for Llorens
In their motion to dismiss, LexShares and its board members argued that the claims were time-barred under the 180-day limit in Llorens’ employment contract. They also contended that Llorens’ complaint lacked merit, claiming that Llorens had not demonstrated any concrete examples of racial discrimination.