WASHINGTON, D.C. – Boyden Gray PLLC, America First Legal, and Lawson Huck Gonzalez filed a lawsuit against Target Corporation and its Board of Directors on behalf of a Target shareholder for misleading Target investors about its Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) mandates, causing Target shareholders to lose billions.
In its 2022 and 2023 Proxy Statements, Target assured shareholders and investors that its Board was monitoring social and political issues and risks arising from the company’s ESG and DEI mandates. However, in reality, the Board focused only on purported risks from left-wing so-called “stakeholders,” and used this “risk” oversight as a pretext for pursuing left-wing ESG and DEI goals.
This lawsuit aligns with Boyden Gray’s other efforts to curb rampant wokeism in corporate America. Earlier this year, the firm won its challenge in Alliance to Fair Board Recruitment v. Weber, where a federal district court found that a California law mandating racial, ethnic, and sexual-orientation diversity in corporate boards violated the Fourteenth Amendment.
You can read more about this case in Bloomberg Law:https://news.bloomberglaw.com/esg/ex-trump-officials-sue-target-alleging-pride-month-investor-risk?utm_medium=lawdesk&utm_source=twitter&campaign=6B9F99B0-36B6-11EE-BA42-1055F143A863