Core Viewpoint - A class action lawsuit has been filed against Target Corporation for alleged violations of securities laws, specifically related to misleading statements about its ESG and DEI initiatives, which led to significant investor losses [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Target's securities between August 26, 2022, and November 19, 2024, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Target - The complaint alleges that Target made false and misleading statements regarding its ESG and DEI initiatives [4]. - The company faced significant backlash from customers over its LGBT-Pride Campaign, which included boycotts [4]. - As a result of these misleading statements, investors suffered damages when the truth about Target's situation became known [4].
TGT Investors Have Final Opportunity to Lead Target Corporation Securities Fraud Lawsuit with the Schall Law Firm