Shareholder Lawsuit May Force Execs to Disclose Risks of Social Justice Campaigns

‘The Campaign provoked immense consumer backlash and boycotts that caused Target’s sales to fall for the first time in six years,’ the lawsuit stated.
Shareholder Lawsuit May Force Execs to Disclose Risks of Social Justice Campaigns
People walk past a Target store in New York City on June 6, 2023. Samira Bouaou/The Epoch Times
Kevin Stocklin
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A shareholder lawsuit against Target, America’s sixth-largest retailer, is seeking to make management accountable for losses that shareholders suffered as a result of the company’s social and political campaigns. 

The investors bringing the suit charge not only that Target’s political ventures cost shareholders billions of dollars but that management misled investors about the risks they were taking. If successful, the case could prove a major precedent regarding company obligations to shareholders in the current era of “stakeholder capitalism.”

Kevin Stocklin
Kevin Stocklin
Reporter
Kevin Stocklin is a contributor to The Epoch Times who covers the ESG industry, global governance, and the intersection of politics and business.
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