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Target Faces Shareholder Lawsuit After Pride Promotions Damage Stock Price

Customers are getting fed up with companies taking the woke bandwagon and have begun retaliating through lawsuits.
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Target Faces Shareholder Lawsuit After Pride Promotions Damage Stock Price
A worker collects shopping carts in the parking lot of a Target store in Highlands Ranch, Colo., on June 9, 2021. David Zalubowski/AP Photo
Naveen Athrappully
By Naveen Athrappully
8/9/2023Updated: 8/9/2023
0:00

The nonprofit advocacy group America First Legal (AFL) filed a lawsuit against mega-retailer Target for harming shareholders with its adoption of woke progressive corporate policies that have led to a decline in market valuation.

AFL argues that the company’s push for diversity, equity, and inclusion (DEI) as well as environmental, social, and governance (ESG) mandates have harmed shareholders.

Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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Related Topics
Target Corp
shareholder lawsuit
Pride promotion
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