Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The State of Florida has initiated a class action lawsuit against Target Corporation, alleging that the retailer misled investors regarding the financial risks associated with its LGBTQ Pride merchandise. Florida Attorney General James Uthmeier stated that Target is accused of concealing these risks while promoting its diversity, equity, and inclusion (DEI) initiatives. The lawsuit follows a backlash fueled by anti-LGBTQ groups and conservative activists, who claimed that Target was marketing products intended for transgender adults to children. The legal action highlights ongoing tensions surrounding corporate responses to social issues and the potential financial implications of such stances.
Florida Attorney General James Uthmeier last week announced the state filed a class action lawsuit against Target claiming "the company knowingly misled and defrauded investors by concealing the financial risks of its radical LGBTQ activism." https://t.co/bGESFQ4RqO
Anti-LGBTQ groups and conservative activists fueled the backlash against the retailer, spreading misinformation — for instance, that Target was marketing a product to children that was meant for transgender adults. https://t.co/wqOhFmuwmt
Florida is suing Target for misleading its shareholders about the financial risks tied to DEI. Turns out, if you go woke, you might in fact go broke. @SarahPPerry explains 👇 https://t.co/JaaTzBMzp3
