Recent Security Class Actions
Target Corporation Common Stock (NYSE: TGT)
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20 Days left to seek lead plaintiff status.
According to the Complaint, Target Corporation sells itself as the favorite retailer of middle-class American families. This class action was filed against Target and thirteen of its Directors.
In May 2023, Target faced immense customer backlash to its ambitious LGBT- “Pride Month” marketing and sales campaign, one of its featured ESG/DEI initiatives. The 2023 LGBT-Pride Campaign prompted a strong adverse reaction from a large portion of Target’s customer base, in particular because it featured marketing and products directed to children, embroiling Target in a culture war.
The Complaint alleges that during the Class Period, Target failed to warn investors of risks associated with its mandates regarding its ESG/DEI initiatives and that this deceit, through misleading statements in the Company’s public filings, caused Target’s investors to purchase Target stock at artificially inflated prices and to unknowingly support Target’s Board and management in their misuse of investor funds to serve political and social goals.
Target Corporation Common Stock (NYSE: TGT) Claim Form
