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A federal court refused to dismiss a shareholder lawsuit against Target for its divisive & self-destructive ESG & DEI policies. The rest of corporate America would be wise to take notice. https://t.co/h8DuDUoTov
Target Must Face Shareholder Suit Over Pride Collection Last Wednesday, a federal court refused to dismiss a lawsuit claiming that Target misled shareholders about the risks of its disastrous LGBTQ+ Pride Month campaign, Reuters reports. The Allegations: Per the complaint,…
AFL brings a case against Target that they knew and yet did not disclose to investors the risk of their massive 2023 pride campaign. The Court allows the case to continue, presumably opening Target up to discovery. Fortune 500 general counsels: 👀👀👀
A federal court has decided to allow a shareholder lawsuit against Target to proceed, following allegations that the company misled investors regarding the risks associated with its 2023 Pride Month campaign. The lawsuit claims that Target did not adequately disclose the potential fallout from its LGBTQ+ Pride collection, which has been described as divisive and self-destructive. This ruling opens the door for further discovery in the case, raising concerns among corporate leaders about the implications of environmental, social, and governance (ESG) policies. The case highlights the increasing scrutiny companies face regarding their diversity, equity, and inclusion (DEI) initiatives.
