The lawsuit accused Target's board of directors of overlooking the risk of negative backlash and led the company to lose over $25 billion in market capitalization.

A lawsuit accusing Target of misleading shareholders following sales of its 2023 Pride Collection is set to move forward after the retail giant failed to have it dismissed in a Florida court. The lawsuit had enough information to back accusations that Target deceived investors and customers about the social and political risks to the Pride-themed push,

A legal effort by Target to dismiss a lawsuit linked to its 2023 effort to put Pride before profits has been swatted aside. A U.S. District Court Judge John Badalamenti in Florida ruled Tuesday that the lawsuit filed by America First Legal should proceed,

A Florida judge has allowed a shareholder lawsuit against Target to proceed, following backlash over its 2023 Pride Collection.