Conservative legal groups have launched a wave of challenges to corporate DEI initiatives, going after McDonald’s Corp., Kellogg Co., and Progressive Corp., among many others. The legal arguments in those instances have often focused on discrimination laws.
AFL charted a different course by accusing Target of securities fraud. The case has serious problems, securities scholars and lawyers say. But it highlights the growing risk of similar suits against companies amid heightened scrutiny of such diversity initiatives.
Source: Target Case Charts Path for ‘Go Woke, Go Broke’ Securities Suits
