Shareholders have filed a lawsuit against Target alleging that the retail giant intentionally misled investors about the risks its diversity, equity and inclusion (DEI) policies posed to its stock prices.
In a class action lawsuit filed in Florida on Friday, the City of Riviera Beach Police Pension Fund claimed Target’s stock was "artificially inflated" because the retail chain failed to relay the scope of consumer backlash to its initiatives promoting diversity and LGBTQ pride.
