The complaint argues that Target misled investors about the impact of backlash to its Pride collection. The suit blames Target's stock price troubles on DEI, rather than other business challenges.

Florida argues Target's handling of its 2023 LGBTQ Pride collection was uniquely harmful to shareholders. "The Campaign provoked immense consumer backlash and boycotts that caused Target's sales ...

To their credit, Target executives said during an August 2023 earnings call that while traffic and top-line trends were affected by the Pride collection backlash, “it’s not possible to ...

Last year, Target's Pride Collection triggered backlash and boycotts from conservatives and a run of people posting videos of themselves knocking over displays and confronting employees before the ...

The state of Florida filed a lawsuit against Target on Thursday, alleging the company defrauded investors by failing to disclose the financial risks of its LGBTQ Pride merchandise line ...

This isn’t the first legal trouble Target has faced over its controversial 2023 Pride Collection in Florida. Conservative group America First Legal filed a similar lawsuit last year that alleged ...

Shareholder lawsuits over corporate diversity initiatives have grown more common in recent years, but they're usually filed by activist investors or political groups. This may be the first such ...

TAMPA, Fla. (WFLA) — Florida Attorney General James Uthmeier on Thursday announced that the state has filed a class action lawsuit against Target claiming “the company knowingly misled and ...

The lawsuit claims Target concealed the financial risks of its DEI programs and its 2023 Pride Month merchandise collection. This is America First Legal’s second lawsuit against Target ...