Problem:
Target Corporation and its Board of Directors have misled shareholders and customers with misleading representations on the company’s Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) mandates. Target assured shareholders that it was monitoring for political and social issues and risks that could arise as a result of the ESG and DEI policies. However, management only cared when leftist “stakeholders” cared about these business decisions. Following Target’s May 2023 embrace of the radical transgender agenda, Target shares have seen more than a $12 billion collapse in value, the largest stock price decline in over 20 years.
Action:
On behalf of a Target shareholder, AFL sued the company for failing to assess the risks that come when corporations pander to the left and virtue signal while leaving their core customer base behind.
Result:
This case is currently being litigated.
Links:
- America First Legal Files Shareholder Lawsuit Against Target in Federal Court; Lawsuit Follows Target's Disastrous Marking of Queer/Trans Propaganda to Children
- America First Legal Files Amended Shareholder Complaint Against Target for Radical ESG and DEI Policies
- VICTORY - U.S. District Court Denies Target's Attempt to Dismiss AFL Lawsuit and Transfer Venue; Shareholder Action Against Undisclosed Risks and Losses Caused by Target's ESG, DEI, and LGBTQ 'Pride Campaign' to Continue
