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Target Hit With Shareholder Lawsuit, Claiming Investors Were Defrauded About DEI Risks
Target Corporation, CEO Brian Cornell and current and former board members have been sued for defrauding stockholders about the risks of its DEI policies.
Target hit with class action suit claiming they misled investors over DEI policies
Target was hit with a class action suit claiming the retailer duped investors about the company's DEI policies and tricked them into buying stock at an artificially inflated price.
Target is sued for defrauding shareholders about DEI
Target has been sued for allegedly concealing the risks of its diversity and social initiatives, leading to a backlash that caused customers to flee and the stock price of the Minneapolis-based retailer to plummet.
Target hit with shareholder lawsuit over DEI policies
The lawsuit claims Target hid the potential for boycotts, backlash to its inclusion initiatives from shareholders
2d
on MSN
Investors sue Target, alleging financial loss from backlash to Pride merchandise
The class action lawsuit alleges Target leadership misled investors about the financial impact of boycotts in 2023.
12d
‘The breaking point’: Twin Cities Pride ousts Target from annual parade, festival
The group’s decision is a response to the retailer’s plans to roll back diversity and inclusion initiatives, Executive ...
The Associated Press on MSN
10d
Target's DEI rollback raises questions about the retail giant's philanthropic commitments
Twin Cities
Pride
had seen this coming. Otto recalled that
Target
didn't carry
Pride
Month
merchandise
at its stores ...
12d
Target will have no presence at Twin Cities Pride festival or parade, organizers declare
Twin Cities Pride officials have reacted to Target’s recent pull-back on its diversity programs, announcing that the ...
8d
on MSN
Why so many shoppers view Target’s rollback on DEI as a betrayal
Although several companies have cut or scaled back DEI programs, Target's reversal on DEI seemed to draw the greatest outrage ...
13d
on MSN
Target is ending its DEI initiative as Costco shareholders reject similar measures
In 2023,
Target
removed some of its
Pride
Month
merchandise
after online complaints and in-store confrontations that ...
10d
on MSN
Pride organizers, Black business owners take stand over Target dropping DEI
Twin Cities Pride asked Target not to participate this year, while some Black business owners are asking people not to shop ...
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