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Florida files suit against Target, claiming DEI initiatives 'misled investors'

Florida's Attorney General James Uthmeier filed a lawsuit against Target, alleging that the company 'misled investors' regarding its diversity, equity, and inclusion initiatives, which he claims hurt sales and cost shareholders.
Uthmeier contends that Target violated the Securities Exchange Act by not disclosing 'the known risks' of its DEI initiatives.
Target announced plans to end a program supporting Black employees and businesses, following backlash against its diversity policies.
Uthmeier indicated that corporations promoting 'radical leftist ideology' could jeopardize retirement security for Florida's first responders and teachers.

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abc 7 Chicago

Father Pfleger, faith leaders call for boycott of Target after company scales back DEI initiatives

Chicago faith leaders are joining nationwide calls for consumers to boycott Target in response to the company and other retailers scaling back their diversity, equity and inclusion initiatives.

10 hours ago·Chicago, United States

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Daily Montanan

+3 Reposted by 3 other sources

Florida files investor lawsuit against Target for 2023 Pride campaign

The Target store on West Tennessee St. in Tallahassee on Dec. 31, 2024. (Photo by Jay Waagmeester/Florida Phoenix)A few days after being named attorney general, James Uthmeier filed a class action against retail giant Target Thursday, claiming it defrauded investors in the process of promoting “radical LGBTQ activism.” The suit focuses on the Minnesota-based company’s 2023 Pride campaign, a product collection in advance of Pride Month. The colle…

11 hours ago

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Florida Insider

Florida is suing Target for misleading shareholders about DEI

A gavel with the Floridan flag in the background. Photo: niroworld/Shutterstock.com Reuters, February 20 The state of Florida sued Target (TGT.N) on Thursday for allegedly hiding the dangers of its diversity and social efforts, which sparked a backlash from customers and a drop in the company’s stock price. In the federal court in Fort Myers, Florida, the State Board of Administration of Florida, which is in charge of public pension funds that o…

12 hours ago

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Truthout

Florida AG Sues Target for Not Warning Investors About Anti-LGBTQ Backlash

“This is a frivolous suit in blatant violation of the First Amendment,” said legislative researcher Allison Chapman.

13 hours ago·Sacramento, United States

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Michigan Advance

Florida files investor lawsuit against Target for 2023 Pride campaign • Michigan Advance

Target Finds Itself in Hot Water After Letting DEI Creep In, Florida Files Suit

Florida Attorney General James Uthmeier has a plan to go after Target, alleging its business practices hurt the states’ retirement fund. Uthmeier posted a video to social media platform X […] The post Target Finds Itself in Hot Water After Letting DEI Creep In, Florida Files Suit appeared first on The Western Journal.

17 hours ago·Phoenix, United States

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