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Target seeks to toss shareholder lawsuit over Pride backlash
![IndiaTimes]()
Wednesday, 8 November 2023
Target has requested the dismissal of a shareholder lawsuit that accused the retailer of ignoring risks associated with offering LGBTQ-themed merchandise. The company argues that the case lacks merit and that the investor, Brian Craig, simply disagrees with Target's business decisions. Target stated that securities laws are not meant to protect against market losses or express disapproval. The lawsuit, filed in August, seeks damages for a decline in the value of the investor's shares.
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Wednesday, 8 November 2023
