Target sued by Florida for defrauding shareholders about DEI
Target was sued on Thursday by the state of Florida for allegedly concealing the risks of diversity and social initiatives that led to a customer backlash and wiped billions of dollars from the retailer's market value.
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Florida files suit against Target, claiming DEI initiatives 'misled investors'
Before it scaled back its DEI efforts last month, Target was long considered a corporate advocate for the rights of Black and LGBTQ+ people. The retailer's decision in 2023 to roll out LGBTQ+ merchandise in honor of Pride month outraged some shoppers and sparked confrontations in some stores.
Florida files suit against Target, claiming DEI initiatives 'misled investors'
Florida's new attorney general filed a federal court lawsuit against Target on Thursday, claiming the discount store chain “misled investors” by promoting diversity, equity and inclusion initiatives that prompted a backlash and hurt sales,
Florida sues Target over LGBTQ Pride campaign that sparked consumer backlash, stock drop
Florida Attorney General James Uthmeier announced a class-action lawsuit against Target Corp. over a 2023 LGBTQ Pride campaign.
Florida sues Target for ‘leftist agenda that sexualized children,’ harm to retirement fund
The lawsuit claims the retailer’s LGBTQ PRIDE campaign hurt the state’s retirement fund, which owns Target stock.
Florida sues Target for “leftist agenda that sexualized children,” harm to retirement fund
The lawsuit claims the retailer’s LGBTQ PRIDE campaign hurt the state’s retirement fund, which owns Target stock.
Florida sues Target, claiming chain's DEI initiatives ‘misled investors'
Florida’s new attorney general has filed a federal court lawsuit against Target, claiming the discount store chain “misled investors” by promoting diversity, equity and inclusion initiatives. that prompted a backlash that ultimately cost shareholders.
Target faces legal challenge from Florida's new AG who claims DEI initiatives 'misled investors'
"Corporations that push radical leftist ideology at the expense of financial returns jeopardize the retirement security of Florida's first responders and teachers," Uthmeier said