Florida sues targets targeting DEI and Pride initiatives, claiming retailers mislead investors

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Florida Attorney General James Uthmeier has filed a federal lawsuit against Target, accusing retail giant of promoting diversity, equity, and inclusion (DEI) initiatives that allegedly result in financial losses to accuse investors of misleading. Target's failure to disclose financial risks associated with its DEI and Pride month activities, thus violating the Securities Exchange Act. The retailer, known for supporting the Black and LGBTQ+ community, faced a rebound in 2023 after launching Pride Merchandise, prompting some customers to boycott and face store employees. Florida's number one responder and teacher. “My office will do its best to reform the company so that the company will return to the business that does business, not the offensive political theater. “The recent appointment of Republican Gov. Ron DeSantis, Uthmeier, has promised to use his office to fight what he calls “left.” Target has not responded to the lawsuit yet. The lawsuit follows Target's decision in January to scale back its DEI program, which includes a high-profile plan to support black employees, shoppers and businesses. The goal is to target the 2020 police killing of George Floyd, but conservative opposition faced since then. Earlier this month, Missouri's attorney general sued Starbucks for discriminatory recruitment and promotional practices based on race, gender and sexual orientation – the latest post sent to you below.

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