Florida files suit against Target, claiming DEI initiatives 'misled investors'
Florida files suit against Target, claiming DEI initiatives 'misled investors'
Florida’s new attorney general has filed a federal lawsuit against Target, claiming the discount store chain “misled investors” by promoting diversity, equity and inclusion initiatives that prompted a backlash and ultimately cost shareholders.
Summary
Florida Attorney General James Uthmeier filed a lawsuit against Target, alleging that the retailer misled investors by promoting its diversity, equity, and inclusion initiatives.
The suit contends that Target's previous DEI efforts, including its Pride month merchandise, sparked backlash that harmed sales and shareholder returns.
Uthmeier, appointed by Gov. Ron DeSantis, claims the company violated the Securities Exchange Act by failing to disclose the known risks associated with its DEI strategy.
He vowed to use the state's legal power to challenge what he described as “offensive political theatre” and push for an America-first corporate agenda.
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Right... And that's why Costco, which has not rolled back their DEI has been seeing pretty decent growth while Target has been slowly dropping since they started rolling it all back. They're all lying to us to make it feel like this is a bad thing because they want to get rid of it, even though the actual numbers show the exact opposite. It's the idea of being louder to make yourself seem smarter. And now we get to watch the economy tank as everyone in charge tells us it's all good.
We have always been at war with Eastasia
East Asia is our greatest and longest Ally. We have always been at war with Eurasia. Remove such unthought from your head or report to the mintruth for processing.