Suit Claims Target Misled Investors About Impact Of ‘Pride’ Merchandise Boycott

America First Legal announced on Tuesday that it had filed a lawsuit against retail giant Target for allegedly misleading shareholders with false statements about its political/social risk monitoring.
“Target’s management has misled investors, assuring them that the corporation oversees social and political issues and risks to protect shareholders,” AFL stated. “Behind closed doors, Target works for its extremist hard-left ‘stakeholders’ at the expense of its customers and shareholders.”
At issue is a recent multi-billion loss stemming from a consumer boycott in response to the company’s featuring Pride merchandise marketed toward children in June.

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