Target’s DEI drama just got messier — and now investors want their money back

A new lawsuit claims Target misled shareholders about the financial risks of its diversity and inclusion initiatives, and now billions are on the line.

Target’s ongoing DEI controversy just took a legal turn. The retail giant — along with CEO Brian Cornell and its current and former board members — is facing a class action lawsuit accusing them of misleading investors about the financial risks tied to the company’s diversity, equity, and inclusion (DEI) initiatives.