MINNEAPOLIS – Minneapolis-based Target is currently facing a lawsuit that alleges its Diversity, Equity, and Inclusion policies resulted in consumer backlash and a decline in stock prices.
The lawsuit, filed in federal court in Florida, claims the company misused shareholder funds by implementing initiatives that led to boycotts and decreased profits. The lawsuit seeks damages for anyone who held stock in the company between August 2022 and November last year.
Last month, Target announced that it would discontinue all its DEI initiatives.
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