“The decisions by Badalamenti, a judge appointed by President-elect Donald Trump during his first term, keep the door open for more investor lawsuits against companies engaged in culture-war issues. They also mark wins for Stephen Miller, incoming deputy White House chief of staff and founder of the America First Legal Foundation (AFL), which represents the investor and brought the initial suit against Target in 2023.
“‘AFL’s lawsuit further alleges that the backlash to Target’s 2023 Pride Campaign led to a more than $12 billion collapse in share value — the largest stock price decline in over 20 years,’ the firm said in a statement.”
Read the full story on Bloomberg Law here.
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