Target sued by Florida for defrauding shareholders about DEI
ReutersFeb 20, 2025 3:49 PM
Feb 20 (Reuters) - Target TGT.N was sued on Thursday by the state of Florida for allegedly concealing the risks of its diversity and social initiatives, leading to a backlash among customers that caused its stock price to decline.
The lawsuit by the State Board of Administration of Florida, an agency overseeing public pension funds that own Target stock, was filed in the federal court in Fort Myers, Florida.
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