FL-AG v. Target

Target allegedly misled and defrauded investors by concealing the financial risks of its radical LGBTQ activism, costing shareholders tens of billions of dollars. It is further alleged that Target violated Sections 10(b) and 14(a) of the Securities Exchange Act of 1934 by failing to disclose known risks of customer backlash to its diversity, equity, and inclusion (DEI) initiatives and environmental, social, and governance (ESG) mandates, which culminated in its radical and extreme 2023 Pride Campaign.

Summary generated from official Florida Attorney General press release