A.G. Gancarski
Florida’s Attorney General is taking legal action against a department store chain the state invested in after marketing decisions hurt the state’s bottom line.
The goal, said James Uthmeier on Friday’s “Ingraham Angle,” is to ensure Target and like-minded retailers “get back to the business of doing business” after consumers voted with their wallets against Pride merchandise and the like.
“Companies have some free speech rights, but publicly traded corporations have a duty to their shareholders, and Target’s radical sexualization of kids caused a massive backlash leading to a plummeting stock price. They lost over $10 billion in just 10 days, and that hurts the shareholders. Here in Florida, our pension investment fund suffered a serious loss,” Uthmeier said.
The lawsuit in the U.S. District Court for the Middle District of Florida claims Target chose ESG and DEI over protecting its shareholders, flouting Sections 10(b) and 14(a) of the Securities Exchange Act of 1934 in the process, by marketing what the court filing calls “transgender tuck-friendly” swimsuits with “extra crotch coverage,” sold in small sizes.
Uthmeier said “businesses can make their own decisions, but if you are a publicly traded company and you have a duty to provide value to your shareholders, you’ve got to think about what should doing, and here I don’t believe they properly educated their shareholders on what was going to happen when the public would have a huge backlash.”
The Attorney General’s Office, acting on behalf of Florida’s State Board of Administration, seeks a jury trial and damages.
9 comments
MH/Duuuval
February 22, 2025 at 10:16 am
Jimbo is an excellent choice for right-wing Don Quixote but not so much for the People’s AG.
But, hey, his antics take one’s mind off the real problems citizens confront daily.
Target, a Minneapolis business, can relieve Jimbo’s legal pressure by making a large donation to DeSantis and paying a visit Florida bearing gifts for Trump: Adult diapers is my suggestion.
Earl Pitts American
February 22, 2025 at 9:00 pm
CHASTIZED
Michael K
February 22, 2025 at 4:29 pm
What is it with these sanctimonious (allegedly) straight white men and their irrational hatred of LGBTQ people?
By the way, if Florida has an investment in “X” or “Tesla,” they really should sue, because “X” has lost 80% of its value and Tesla more than $160 billion in value since Musk bought his way into MAGA/Trump controller.
Earl Pitts American
February 22, 2025 at 9:00 pm
CHASTIZED
MH/Duuuval
February 22, 2025 at 10:49 pm
MK: And now that Trump groyper Gruters wants to risk Florida’s investments (and more) in Bitcoin. (And Gruters wants to be CFO?!?!?)
Earl Pitts American
February 22, 2025 at 8:58 pm
Good evening America,
Great job, James Uthmeier,
You are 100% correct in getting this “Slam-Dunk” easy money from “Gay Target” to re-place all the money that sicko department store stole from Florida’s Beloved Retirees.
Go ahead and make”Gay Target” pay the maximum in punative dammages ABOVE & BEYOND what “Gay Target” stole from our Great State’s Beloved Retirees to teach “Gay Target” a lesson.
Thank you, James Uthmeier, you are a “Sage Patriot indeed and I, Earl Pitts American, hereby throw the entire weight of “The Earl Pitts American Fan Club” behind your Sage Efforts to make The Great State of Florida whole again after what “Gay Target” did to our Beloved Retirees.
Thank you America,
Earl Pitts American
Holly Lesans
February 23, 2025 at 8:19 am
This AG is gonna be laughed out of court — just like his two predecessors. Leaving aside that he can’t prove “trans-friendly swimsuits” drove down the stock price, just who does Big Brother think he is? Tell you what, Jim Boy, come back once you have a lawsuit to recover the millions you and Ronda stole from the taxpayers to stop legal weed and slam shut women’s reproductive choices.
PeterH
February 23, 2025 at 9:12 am
Today’s MAGA Republicans solely thrive on marginalizing minority groups for political advantage. Hitler did the exact same thing in 1933 Germany.
Tjb
February 27, 2025 at 4:33 pm
I hope that the state is dropping Tesla from the pension plan….it is dropping in value very quickly…much of the drop in value is because of Elon’s ketamine fueled rants.
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