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After losing $12 billion, Target faces demands for documents in a possible prelude to a shareholder lawsuit
American Thinker ^ | 06/07/2023 | Monica Showalter

Posted on 06/07/2023 7:12:25 AM PDT by SeekAndFind

Could Target's woke executives finally be made to pay attention?

They might, given that they've been issued legal demands from a shareholder to produce all documents related to its woke transgender agenda.

According to America First Legal, a group that is led by Stephen Miller, a former member of the Trump White House:

WASHINGTON, D.C. – Today, America First Legal (AFL), on behalf of its client, the National Center for Public Policy Research (NCPPR), served the Target Corporation with a formal demand for the production of corporate books and records, seeking transparency regarding its management’s radical LGBT political agenda that has apparently cost the corporation over $12 billion in market valuation since mid-May 2023. NCPPR is a Target shareholder.

Target’s 2022 annual report acknowledges that the corporation’s core customer base is made up of “families.” It further recognizes the serious risk to Target’s company’s financial prospects if that core customer base sours on the corporation: “Our continued success is dependent on positive perceptions of Target which, if eroded, could adversely affect our business and our relationships with our guests and team members.” 

Nevertheless, the evidence is that Target’s management has recklessly bent the knee to the radical left. Serving “stakeholders,” not shareholders,


(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: budlighted; budlighttreatment; groomers; grooming; lawsuit; retail; stockprice; stocks; target; woke
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To: pepsi_junkie

I multi-tasking this morning so I am misreading a lot of stuff.


21 posted on 06/07/2023 7:55:34 AM PDT by RoosterRedux (See my FR homepage for a link to the entire Bible narrated by David Suchet on youtube. FREE!)
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To: LouAvul

CORRECT.


22 posted on 06/07/2023 7:55:48 AM PDT by GailA (Constitution vs evil Treasonous political Apparatchiks, Constitutional Conservative.)
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To: RoosterRedux

The article just says a shareholder has filed a request for records. I’m not a lawyer so not sure if that’s a prelude for a suit or not. I expect the Board to stonewall, of course, unless this is a MAJOR investor.


23 posted on 06/07/2023 7:57:06 AM PDT by pepsi_junkie ("We want no Gestapo or Secret Police. F. B. I. is tending in that direction." - Harry S Truman)
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To: Jane Long

More; FR posted article on Target=supported anti-American group.

https://freerepublic.com/focus/f-news/4158486/posts


24 posted on 06/07/2023 7:59:58 AM PDT by CedarDave (Pfizer's boosters: The medical equivalent of Russian roulette!)
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To: RoosterRedux

And I just want to clarify, when I says “they are suing the board” I was talking about the hypothetical of what a shareholder suit against a corporation is, not in this specific case. As far as I know there is no lawsuit, that’s just Freeper cheerleading at the moment. gooooo team! :-)


25 posted on 06/07/2023 8:01:44 AM PDT by pepsi_junkie ("We want no Gestapo or Secret Police. F. B. I. is tending in that direction." - Harry S Truman)
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To: Dilbert San Diego

Dump Target Stock ASAP.


26 posted on 06/07/2023 8:16:01 AM PDT by chopperk ( C)
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To: SeekAndFind

Target = Kmart


27 posted on 06/07/2023 8:19:10 AM PDT by Vaduz (....)
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To: SeekAndFind

Woke/Broke.


28 posted on 06/07/2023 8:41:38 AM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: Vaduz
RE: Target = Kmart

This film might have been the final blow to K-MART


29 posted on 06/07/2023 8:41:50 AM PDT by SeekAndFind
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To: RoseofTexas

Yummylicious


30 posted on 06/07/2023 8:55:19 AM PDT by magna carta
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To: SeekAndFind

Yes and now Target is a member of the club.


31 posted on 06/07/2023 9:04:32 AM PDT by Vaduz (....)
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To: SeekAndFind

Yup, this whole trans-groomer-homo retail promotion thing is now a Governance - Boardroom issue, and soon a criminal mismanagement, resource-wasting activist shareholder Courtroom issue.

Get woke, Go broke.


32 posted on 06/07/2023 9:17:44 AM PDT by FlyingEagle
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To: LouAvul

It may be about the bottom line, but these hired and well payed execs have fiduciary responsibility to share holders. Its about time they were held to account. Woke is broke, and irresponsible use of shareholder investments.


33 posted on 06/07/2023 9:38:14 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: SeekAndFind

K-Mart soldiered on for more than three decades after that movie, so no.


34 posted on 06/07/2023 10:38:24 AM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: SeekAndFind

35 posted on 06/07/2023 11:27:21 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SeekAndFind

I tend to doubt any such lawsuit will go anywhere, because the outcome was not predictable. There was wasn’t any sort of negligence or wrongdoing, at least as far as I can see.


36 posted on 06/07/2023 2:04:13 PM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
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To: RoosterRedux

that’s not how corporate lawsuits are done.


37 posted on 06/07/2023 3:54:41 PM PDT by Jonny7797
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To: Jonny7797

Please elaborate. How would such a suit be done in your opinion?


38 posted on 06/07/2023 4:11:59 PM PDT by RoosterRedux (See my FR homepage for a link to the entire Bible narrated by David Suchet on youtube. FREE!)
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To: RoosterRedux

It’s a corporation - this does not qualify as conduct allowing lawsuits to pierce the corporate liability shield. You can’t sue the officers specifically as this doesn’t come under the magic categories of “embezzelment” or “gross fiduciary misconduct.”


39 posted on 06/07/2023 5:53:41 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr
Yes. I think it would be difficult to impossible to sue the officers individually for malfeasance or violation of fiduciary responsibility.

But the shareholders can sue the board and, depending on state law, possibly sue the officers as a group.

40 posted on 06/08/2023 3:05:58 AM PDT by RoosterRedux (See my FR homepage for a link to the entire Bible narrated by David Suchet on youtube. FREE!)
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