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Target hit with class-action lawsuit claiming it misled investors over DEI policies

Summary by Fox Business

Target was hit with a class action lawsuit on Friday after shareholders alleged the national retailer misled investors about the risks of its DEI initiatives, which led to consumer boycotts and its stock price to tank.

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Target faces lawsuit over DEI push — accused of misusing funds for 'political' goals

Target shareholders filed a class action lawsuit against the retailer on Friday, claiming that it misused funds "to serve political and social goals."The legal action, led by the City of Riviera Beach Police Pension Fund, slammed Target for failing to disclose the risks of pushing diversity, equity,...

2 months ago·United States

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tfppwire.com

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Target Sued By Pension Fund Over Woke Policies That Caused Sales Plunge

Target faces a lawsuit claiming it misled shareholders about the financial risks of its inclusion and diversity campaigns, which allegedly triggered customer boycotts and sent the retailer’s stock tumbling. Key Facts: The suit was filed by the City of Riviera Beach Police Pension Fund in Florida. Plaintiffs say Target withheld the possibility of backlash over Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI)…

2 months ago

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Fox Business

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Target hit with class-action lawsuit claiming it misled investors over DEI policies

2 months ago·United States

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MITechNews

What a Class Action Lawsuit Lawyer Can Do to Help Your Case

In 2024, class action settlements in the United States totaled around $42 billion, making it the third year in a row that these amounts have gone over $40 billion, according to Forbes.com. A class action lawsuit is a legal action brought by a group of people who have been harmed as a result of a company or organization’s negligent or illegal actions. Class action lawsuit lawyer Roy E. Barnes says a class action lawyer plays an important role in…

2 months ago

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minorityownedbiz.com

Target hit with class action lawsuit #WomenEmpowerment #Entrepreneur #Inclusion

MINNEAPOLIS — Investors sued Minneapolis-based Target Corporation on Jan. 31, alleging sales plummeted following customer boycotts over the company’s Diversity, Equity and Inclusion initiatives, specifically its 2023 Pride collection. In the complaint, the City of Riviera Beach Police Pension Fund alleges Target misled investors by making false and misleading statements about the company’s DEI mandates, as well as those included in its Environme…

2 months ago

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TANTV

Minnesota Residents Launch Nationwide Target Boycott Over DEI Rollback

The nationwide boycott of Target stores, launched on February 1, 2025, has garnered significant attention in response to the corporation’s decision to cut its Diversity, Equity, and Inclusion (DEI) policies. Activists and community leaders, particularly in Minnesota, are calling for a long-term stand against the retail giant, which they believe has abandoned its commitment to racial justice and inclusivity. The boycott was officially announced a…

2 months ago

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