BigOrangeMojo
The Member in Miss December
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Ok, those familiar with the law in this particular nitch........
Does this case have legs? How likely is it to be successful?
Unless you have fraud or something really egregious, these are usually tossed or nominally settled. This is a little different since a state is bringing it up in a favorable jurisdiction.
Taking a look at their 10K before the pride month fiasco, they did identify "social risks" as a risk factor in their 10K. Kind of hard for the State of Florida (the party bringing the suit) to say they weren't aware of the risks. Target making a bad (but reasonably prudent) business decision isnt usually enough to prevail here.
Personally, you know what you are getting when you invest in Target. Absent lying on Target's end, I have a hard time being too sympathetic to the state here...