Boohoo investors seek £100m in damages after minimum wage scandal

Investors in Boohoo are pursuing over £100m in damages from the online fashion retailer following a significant drop in share price in 2020. Reports emerged alleging that Boohoo's suppliers in Leicester were exploiting workers by paying them as little as £3.50 per hour, which led to a sharp decline in the company's stock value. The share price plummeted by more than 40%, resulting in a loss of over £1.5bn in market capitalization. The investors are now seeking compensation for the financial losses they incurred due to the minimum wage scandal.