The class action lawsuit alleges Target leadership misled investors about the financial impact of boycotts in 2023.
The group’s decision is a response to the retailer’s plans to roll back diversity and inclusion initiatives, Executive ...
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.
However, within a couple months, Target decided to instead invest $20 million to add private bathrooms to stores to appease critics. In 2021, the company began selling Pride month merchandise in all ...
Target was one of corporate America’s most forceful supporters of diversity and inclusion initiatives and vowed to support ...
Twin Cities Pride asked Target not to participate this year, while some Black business owners are asking people not to shop ...
According to the plaintiffs, the mandate led to widespread customer boycotts after Target launched its 2023 Pride merchandise, causing stock prices to sink. Target faced two waves of boycotts ...
The retailer was hit with lawsuit alleging it misled investors about DEI initiative risks, which led to consumer boycotts and diving stocks.