By prioritizing woke ideology over financial accountability to its shareholders, Target Corporation misled investors and customers about the risks associated with its ESG and DEI agendas, culminating in a disastrous 2023 Pride Campaign and a $25 billion market value collapse.

America First Legal (AFL), in conjunction with Florida’s State Board of Administration, filed a class-action lawsuit alleging securities fraud and fiduciary misconduct. This marks AFL’s second case against Target on behalf of harmed shareholders.