America First Legal Sues Target Over Misleading of ShareholdersBy Eric Lendrum
August 9, 2023
On Tuesday, the conservative legal group America First Legal (AFL) announced that it would be suing the retail giant Target, claiming that the company misled its shareholders by issuing false statements about the measures it was taking to avoid social and political risks.
As Just The News reports, AFL declared in its lawsuit that “Target’s management has misled investors, assuring them that the corporation oversees social and political issues and risks to protect shareholders.”
“Behind closed doors, Target works for its extremist hard-left ‘stakeholders’ at the expense of its customers and shareholders,” AFL continued. “In its 2022 and 2023 Proxy Statements, Target assured shareholders and investors that the Board was monitoring for social and political issues and risks arising from the company’s ESG mandates. However, management only cared whether its leftist ‘stakeholders’ were satisfied, disregarding the possibility that its customers and shareholders might feel differently.”
AFL then pointed to the primary catalyst for Target’s financial decline: A campaign in May of this year to promote LGBT-themed clothing, including “transgender” clothing aimed at toddlers.
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Source:
https://amgreatness.com/2023/08/09/america-first-legal-sues-target-over-misleading-of-shareholders/
