A Florida judge has ruled that Target must face a shareholder lawsuit related to backlash from its 2023 Pride Collection. The lawsuit alleges that Target's board of directors failed to adequately address the risks associated with the negative public reaction, which resulted in a loss of over $25 billion in market capitalization. The ruling allows the lawsuit to proceed, highlighting ongoing tensions surrounding Environmental, Social, and Governance (ESG) issues in corporate governance. The controversy has sparked discussions about potential democratic solutions, such as 'investor assemblies,' to address the crisis in corporate governance. Critics argue that companies cannot navigate the anti-ESG sentiment while maintaining corporate bias, indicating a broader struggle within corporate America regarding ESG policies.