Core Viewpoint - Target Corporation is facing a class action lawsuit from investors who purchased securities during the specified class period, alleging misleading statements regarding its ESG and DEI initiatives, which led to significant stock price declines due to consumer boycotts [1][3][4] Group 1: Lawsuit Details - The class action represents investors who bought Target securities between August 26, 2022, and November 19, 2024, with a deadline of April 1, 2025, for filing a lead plaintiff motion [1] - The lawsuit claims that Target misled investors about its ESG and DEI initiatives, resulting in customer boycotts following its 2023 LGBT-Pride Campaign [3] - The backlash from the campaigns in 2023 and 2024 caused Target's sales to drop for the first time in six years, indicating a significant impact on the company's financial performance [4] Group 2: Financial Impact - The misleading statements made by Target led to investors purchasing stock at artificially inflated prices, resulting in damages when the truth about the company's situation emerged [4] - The Portnoy Law Firm has a history of recovering over $5.5 billion for aggrieved investors, highlighting the potential for significant financial claims in this case [5]
Target Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. April 1, 2025 Deadline to file Lead Plaintiff Motion