corporate governance

Target Hit With Shareholder Lawsuit Over DEI Initiatives, Stock Decline

Feb 5, 2025

Retail giant Target has been hit with a shareholder lawsuit alleging that the company misled investors about the risks associated with its Diversity, Equity, and Inclusion (DEI) and Environmental, Social, and Governance (ESG) initiatives. The legal action, led by the City of Riviera Beach Police Pension Fund in Florida, claims that Target concealed the potential…
SEC Sues Elon Musk for Delayed Disclosure of Twitter Stake, Alleges Securities Law Violation

Jan 15, 2025

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging that the billionaire violated federal securities laws by failing to disclose his acquisition of a significant Twitter stake within the required timeframe. The complaint, filed in Washington, D.C.’s federal court on Tuesday, centers on Musk’s delayed disclosure of surpassing the…

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