Florida attorney general files lawsuit against Target over LGBTQ Pride campaign
Three days into his job, Florida Attorney General James Uthmeier on Thursday announced a class-action lawsuit that alleges Target Corp. did not properly disclose to investors the risks of a 2023 LGBTQ Pride campaign that drew a consumer backlash and caused a drop in the retailer’s stock price.
Target sued by Florida attorney general over DEI efforts, 2023 Pride Month collection
Shareholder lawsuits over corporate diversity initiatives have grown more common in recent years, but they're usually filed by activist investors or political groups. This is one of the first such cases from a U.
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The lawsuit claims the retailer’s LGBTQ PRIDE campaign hurt the state’s retirement fund, which owns Target stock.
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