America First Legal Files Lawsuit Against Target Over "Misleading Statements to Shareholders" | The Gateway Pundit | by Brian Lupo
www.thegatewaypundit.com
America First Legal has filed a lawsuit in Federal Court against Target over “misleading statements to shareholders about monitoring political/social risks, resulting in a $12B loss due to its recent promotion of queer/transgender propaganda to children.” America First Legal, which is led by former Trump Senior Advisor Stephen Miller, claims that management “only cared whether its leftists ‘stakeholders’ were satisfied” in reference to 2022/2023 Proxy Statements that ensured the Board was “monitoring social and political issues”.

cross-posted from: https://exploding-heads.com/post/663163

Target assured shareholders and investors that the Board was monitoring for social and political issues and risks arising from the company’s ESG and DEI mandates.

However, management only cared whether its leftist “stakeholders” were satisfied, disregarding the possibility that its customers and shareholders might feel differently.

Thus, in May 2023, Target embraced the radical transgender agenda with its children-and-family-themed “Pride” marketing and sales campaign – the corporation’s infamous “Pride” collection included clothing for young children with rainbow Mickey Mouse symbols, LGBT-themed bibs and onesies for babies, and “tuck-friendly” bathing suits for “transgender women.”

This predictably caused more than a $12 billion collapse in share value, the largest stock price decline in over 20 years.