{"id":1995234,"date":"2023-08-09T11:11:02","date_gmt":"2023-08-09T15:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-sued-by-investor-over-backlash-to-lgbtq-merchandise\/"},"modified":"2023-08-09T11:12:54","modified_gmt":"2023-08-09T15:12:54","slug":"target-sued-by-investor-over-backlash-to-lgbtq-merchandise","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-sued-by-investor-over-backlash-to-lgbtq-merchandise\/","title":{"rendered":"Investor sues Target for LGBTQ merchandise backlash."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftarget-sued-by-investor-over-backlash-to-lgbtq-merchandise%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1995234&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<h2>A\u2062 Conservative Legal \u200dOrganization Sues Target Over LGBTQ Merchandise Backlash<\/h2>\n<p>A conservative legal organization sued <span data-qa-component=\"highlight-text\">Target<\/span> on \u2064Tuesday\u200d on behalf of an investor, claiming that the retailer \u200dmisrepresented the adequacy of its risk monitoring. The lawsuit\u2064 alleges that Target was\u2064 caught by surprise when customer backlash over LGBTQ-themed merchandise erupted.<\/p>\n<h3>America First\u2063 Legal Takes Legal Action<\/h3>\n<p>America First Legal, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/progressive-petri-dish-abortion-laws-meant-to-help-minnesotans-backfire\/\" title=\"Abortion laws in Minnesota intended to assist, but have unintended consequences.\">nonprofit group led<\/a> by former Trump \u2063adviser\u2062 Stephen\u2063 Miller,\u200c filed the lawsuit in \u200cFlorida federal court. \u2062The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/republican-canvassers-rescind-their-votes-to-certify-wayne-county-michigan-results\/\" title=\"Republican Canvassers Rescind Their Votes to Certify Wayne County, Michigan, Results\">legal action<\/a>\u2064 is on behalf of investor Brian Craig against <span data-qa-component=\"highlight-text\">Target<\/span>, CEO Brian Cornell, and \u2062the company&#8217;s board \u2062of directors.<\/p>\n<h3>Conservative Legal Groups Challenge Corporate \u200cSocial Policies<\/h3>\n<p>This lawsuit\u200d is part\u2064 of \u200dan ongoing battle between <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-sued-by-investor-over-backlash-to-lgbtq-merchandise\/\" title=\"Investor sues Target for LGBTQ merchandise backlash.\">conservative \u200dlegal \u2062groups<\/a>, Republican \u2064legislators, and corporations \u200cthat have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-doj-drops-investigation-into-covid-19-nursing-home-deaths-letting-democrat-governors-off-the-hook\/\" title=\"Biden\u2019s DOJ Drops Investigation Into COVID-19 Nursing Home Deaths, Letting Democrat Governors Off The Hook\">implemented policies<\/a> on social issues like race and gender.<\/p>\n<p>A spokesperson for <span data-qa-component=\"highlight-text\">Target<\/span> did not immediately respond to requests for comment.<\/p>\n<h3>Allegations of Misrepresentation<\/h3>\n<p>Brian Craig alleges that\u200c <span data-qa-component=\"highlight-text\">Target<\/span>&#8216;s board misrepresented its oversight of\u200b &#8220;social and political risks&#8221; to the company. \u2063He claims\u200b that the \u2062board focused on \u200dthe demands of progressive activist investors while \u2064neglecting to consider potential backlash from customers.<\/p>\n<h3>Pulling LGBTQ-Themed Merchandise<\/h3>\n<p>In May, <span data-qa-component=\"highlight-text\">Target<\/span> removed some LGBTQ-themed merchandise associated with Pride Month. The decision was made due \u200cto increased confrontations between shoppers and \u200bemployees, as \u2062well \u2062as incidents of products\u200b being thrown on the floor.<\/p>\n<p>Craig, who owns\u200d 216\u2062 <span data-qa-component=\"highlight-text\">Target<\/span> shares, argues that the board falsely\u2063 claimed to monitor social and political risks while \u2064solely\u200c focusing on \u2063the risks related to achieving its ESG and diversity, equity, and \u2062inclusion (DEI) goals.<\/p>\n<h3>Seeking Damages\u200b and Legal Ruling<\/h3>\n<p>Craig seeks damages for the decline in <span data-qa-component=\"highlight-text\">Target<\/span>&#8216;s share price \u2064caused \u2062by the consumer reaction. Additionally, \u2064he requests a judge to rule that the company violated\u2063 U.S. securities laws.<\/p>\n<p>The case is Craig\u200d v. \u2064 <span data-qa-component=\"highlight-text\">Target<\/span> Corp. et al., No. 23-00599,\u200d U.S. District Court, Middle District Of Florida.<\/p>\n<p>(Reporting by Jody Godoy in\u2062 New York; Editing by Cynthia Osterman)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A conservative legal group sued Target, claiming the retailer misled investors about its risk monitoring. The lawsuit, filed by America First Legal on behalf of investor Brian Craig, alleges that Target was caught off guard by customer backlash over LGBTQ-themed merchandise. The suit names Target, CEO Brian Cornell, and other company executives.<\/p>\n","protected":false},"author":66,"featured_media":1995235,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1995234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1995234"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1995234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1995235"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1995234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1995234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1995234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}