In the bustling world of retail, Target Corporation, a household name, found itself at the center of a legal storm. Bronstein, Gewirtz & Grossman, LLC (BG&G) announces a class action lawsuit filed against Target Corporation and certain officers, alleging violations of federal securities laws. The suit pertains to investors who purchased or acquired Target securities between August 26, 2022, and November 19, 2024.
The lawsuit claims Target made false and misleading statements regarding its Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) initiatives. Specifically, the complaint alleges these statements led to customer boycotts following Target’s 2023 and 2024 LGBT-Pride campaigns, negatively impacting the company’s business and stock price. The suit further claims that Target’s CEO and Board failed to properly oversee and disclose the known risks associated with these campaigns.
Investors who experienced losses during the Class Period are encouraged to visit bgandg.com/TGT to learn more and potentially join the lawsuit. The deadline to request an appointment as lead plaintiff is April 1, 2025. Serving as lead plaintiff is not required to participate in any potential recovery.
BG&G represents investors on a contingency fee basis, meaning they are only compensated if the litigation is successful. The firm is a nationally recognized leader in securities fraud class actions with a history of recovering substantial sums for investors.
