| COMPANY |
Target Corporation |
| COURT |
United States District Court for the Middle District of Florida |
| CASE NUMBER |
2:25-cv-00085 |
| JUDGE |
The Hon. John L. Badalamenti |
| CLASS PERIOD |
August 26, 2022 through November 19, 2024 |
| SECURITY TYPE |
Common Stock |
LEAD PLAINTIFF DEADLINE IS APRIL 1, 2025.
If you have suffered losses and would like to discuss your rights, please fill out this form or you may contact Jonathan Naji, Esq. at (484) 270-1453 or via e-mail at info@ktmc.com.
Case Background:
A class action lawsuit alleging violations of the federal securities laws has been filed on behalf of those who purchased or otherwise acquired Target Corporation (“Target”) (NYSE: TG) common stock between August 26, 2022 and November 19, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Target misled investors by making false and misleading statements about Target’s Environmental, Social and Governance and Diversity, Equity, and Inclusion mandates that led to widespread customer boycotts. As the truth of the negative effect of these campaigns came to light, Target suffered tens of billions of losses in its market capitalization from May 2023 through present. Beginning in May 2023, Target’s stock price suffered precipitous declines and has never recovered. For instance, on November 20, 2024, Target’s stock price suffered a decline of 22% in one-day, wiping out $16 billion in market cap. Target reported disappointing earnings and guidance, as it continued to grapple with lingering effects of its campaigns.
What is a Lead Plaintiff?
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.