Target shareholders File Lawsuit Claiming ‘Misuse Of Funds’ Among Other Horrible Company-Killing Policies

The shareholders of The Target Retail Stores have filed a class-action lawsuit against Target, claiming that Target Stores routinely misuse investor funds to serve political and social goals, and claim that Target’s horrible policies are killing the retail stores, and costing them money. The lawsuit also accuses Target leadership of misleading investors about the financial impact of the 2023 boycotts of Target.

We read that the cost of Target shares had dropped 22 percent in November, losing more than $15 billion in stock value – all in the name of Diversity, Equity & Inclusion – and their stockholders are pissed!

Target shareholders have filed a lawsuit against the retail giant for defrauding them into paying higher prices for the company’s stock than they should have.

The City of Riviera Beach Police Pension Fund in Florida is leading the effort, proposing a class action suit for their unknowing support of management’s “misuse of investor funds to serve political and social goals.”

The group of shareholders said that Target allegedly concealed the fact that diversity and social initiatives contained risk that could lead to pushback from consumers.

They also claim that Target hid backlash from its Pride Month campaign in June 2023. That campaign was so extreme, including transgender clothing targeted to children, that it led to significant backlash and a boycott from right-wing shoppers.

Target lost 22 percent, more than $15 billion in stock value, in November 2024 after it revealed yet another disappointing earnings forecast for the holiday quarter.

The shareholders also say that Target’s chief rival Walmart hasn’t suffered the same type of declines, and that it’s a result of “continued backlash from its campaigns.”

Stand Up To Government Corruption and Hypocrisy – usbacklash.org