Investor Files Lawsuit Against Target for LGBTQ Merchandise Controversy
Target is being sued by an investor, Brian Craig, who claims that the retailer misrepresented the adequacy of its risk monitoring when faced with customer backlash over LGBTQ-themed merchandise. The lawsuit, filed by conservative legal organization America First Legal, alleges that Target's board focused on the wishes of progressive activist investors and failed to consider potential backlash from customers. Craig seeks damages for the decline in Target's share price caused by the consumer reaction and claims that the company violated U.S. securities laws. This lawsuit is part of a broader legal battle between conservative groups and corporations over social issue policies.
