Target hit with class action lawsuit claiming they misled investors over DEI policies
Target’s stock price plummeted 22% on Nov. 20, 2024, destroying nearly $16 billion in market cap in a single day after the retailer reported disappointing earnings.
Target hit with class action lawsuit
The class action lawsuit alleges Target leadership misled investors about the financial impact of boycotts in 2023.
Target faces lawsuit over allegedly defrauding investors regarding DEI practices
Target faces a lawsuit from investors after the company allegedly failed to disclose risks and backlash related to "political and social" policies.
Target is sued for defrauding shareholders about DEI
Target has been sued for allegedly concealing the risks of its diversity and social initiatives, leading to a backlash that caused customers to flee and the stock price of the Minneapolis-based retailer to plummet.
Target’s DEI drama just got messier — and now investors want their money back
A new lawsuit claims Target misled shareholders about the financial risks of its diversity and inclusion initiatives, and now billions
Target Hit with Lawsuit Alleging It Misled Investors About DEI Risks
Target is facing a shareholder lawsuit alleging that the company misled investors about the risks of its Diversity, Equity, and Inclusion (DEI) initiatives and broader social policies, which allegedly led
Target Drops Diversity Initiatives—After It Previously Caved To Pressure From Pride Month Collection
Target has previously balked on its social justice efforts in response to conservative backlash, as it minimized its Pride ...
Target facing backlash from LGBT groups after scaling down DEI practices
Target’s decision to scale back its DEI programs is being met with backlash from the LGBTQ+ community on the ...
Target slammed with lawsuit as investors demand refunds
Target has been the center of endless backlash and boycotts due to its multiple controversial business moves. These moves ...
Target sued for defrauding shareholders about DEI
Target has been sued for allegedly concealing the risks of its diversity initiatives, leading to a backlash that caused the ...
Target was one of the most outspoken supporters of DEI. It’s changed its tune
Target was one of corporate America’s most forceful supporters of diversity and inclusion initiatives and vowed to support ...
Why so many shoppers view Target’s rollback on DEI as a betrayal
Although several companies have cut or scaled back DEI programs, Target's reversal on DEI seemed to draw the greatest outrage ...
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Target's DEI rollback raises questions about the retail giant's philanthropic commitments
Twin Cities Pride had seen this coming. Otto recalled that Target didn't carry Pride Month merchandise at its stores ...