Friday, August 11, 2023

Target sued by Shareholders

Shareholders Slap Target With A Lawsuit

Target is facing a shareholder lawsuit after the company's controversial Pride merchandise resulted in significant backlash, boycotts, and a drop in stock price.

America First Legal, a group headed by Trump Administration senior advisor Stephen Miller, (one of the smartest guys I have ever heard) filed a complaint against Target and its board of directors on behalf of a Target shareholder for misleading investors about its ESG and DEI mandates.

The lawsuit follows after customers were shocked when mass June Pride Month displays were unveiled featuring female-style swimsuits that can be used to "tuck" male genitalia, "Super Queer" clothing, party supplies, home decor, books, and a "Grow at Your Own Pace" saucer planter.

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