Florida Sues Target, Alleging DEI Efforts Misled Investors and Harmed Shareholders

Benzinga

Florida Attorney General James Uthmeier filed a federal lawsuit against Target, alleging the retailer misled investors. The lawsuit claims Target's DEI initiatives triggered a backlash, hurt sales, and cost shareholders. It also claims Target violated the Securities Exchange Act by failing to disclose risks associated with its DEI and Pride Month initiatives. Uthmeier vowed to combat corporate “political theatre.” Target recently scaled back its DEI efforts following conservative pushback.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Florida's Attorney General James Othmeyer filed a federal lawsuit against Target alleging the

00:07retailer misled investors. The lawsuit claims Target's DEI initiatives triggered backlash,

00:12hurt sales and cost shareholders. The lawsuit claims Target violated Securities Exchange Act

00:17by failing to disclose risks associated with its DEI and Pride Month initiatives. Othmeyer vowed

00:23to combat corporate political threat. Target recently scaled back its DEI efforts following

00:29conservative pushback. For all things money visit Benzinga.com slash GSTV.

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