Target faces legal action demanding access to company records.

Target’s Bad News Piles Up as Company Served with Legal Letter Demanding Books and Records

Are you tired of woke corporations pushing their political agendas at the expense of their shareholders? America First Legal has a solution: remind them of their legal obligation to their shareholders and threaten them if necessary.

/1BREAKING: Today, on behalf of our client, the @NationalCenter — a Target shareholder — we demanded @Target produce its books and records regarding its reckless LGBT political agenda that has apparently cost the corporation over $12 billion in market valuation.

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— America First Legal (@America1stLegal) June 6, 2023

America First Legal is representing a Target stockholder and demanding to see Target’s books and records regarding the retailer’s LGBT marketing to children. AFL sent a letter to the Target board on behalf of the National Center for Public Policy Research, a Target stockholder, reminding them of their fiduciary duties and threatening legal action if necessary.

Target’s Reckless LGBT Political Agenda

Target’s 2022 filing with the Securities and Exchange Commission stated that “the company’s core customer base is ‘families'” and that “management recognized … the serious risk to the company’s financial prospects if that core customer base were to have a negative perception of the corporation.” Despite those risks, Target has been involved in “marketing overtly sexualized LGBT-themed product to young children in the hopes of scoring points in the culture wars … at the expense of Target’s core customer base — and thus at the expense of the company’s financial success.”

AFL’s letter to the Target board includes pictures of LGBT children’s merchandise the retail giant has offered and describes T-shirts emblazoned with “Trans people will always exist!” and “Girls Gays Theys.” In the children’s section, mind you. Target has also been selling LGBT-themed “onesies, bibs, and overalls aimed at newborns and toddlers.”

Then there’s the explicitly satanic link to Target’s “pride” products. Of course, much of this you’ve heard about, including the ensuing backlash, but the AFL letter goes into detail — maybe more detail than you care to deal with.

AFL Takes Action

Thankfully, AFL is holding Target to account. Using Minnesota law regarding corporate records, it’s demanding to see Target’s books and internal communications to determine the accurate value of its client’s stock and to “investigate potential misconduct and/or breaches of fiduciary duties” by the corporation. Refusal by Target to turn over records means AFL’s client “reserves its right to file an action compelling compliance and to pursue all of its other legal and equitable remedies,” the letter said.

AFL’s action provides a good example of a strategy to thwart contemporary corporate craziness and the influence of investment funds pushing “diversity, equity and inclusion” instead of return on investment. Opponents of woke goals should not only use boycotts but should consider buying shares in wayward corporations in order to voice objections at stockholder meetings and even work to remove management.

Good job, AFL.