Federal district court denies Target’s motion to dismiss securities claims related to one of its ESG and DEI Initiatives
By EsqSocial Corporation 25/04/25
In Craig v. Target Corporation, et al., the District Court for the Middle District of Florida considered whether Target Corporation (Target) committed securities violations by failing to disclose risks related to an ESG and DEI initiative, in which Target undertook a marketing and sales campaign focused on prominently displaying Pride Month-related merchandise in its stores (the 2023 Campaign). Specifically, Plaintiffs alleged that Target’s 2021–23 Annual proxy statements failed to appropriately...
By: Hogan Lovells