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.
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.
This case is currently being litigated.