Inspire Advisors joins Target lawsuit

Inspire Advisors, a faith-based investing firm, has joined counsel America First Legal and Boyden Gray PLLC in a lawsuit against Target and its Board of Directors. The lawsuit seeks to hold Target and its leadership accountable for misleading representations about its Environmental, Social, and Governance and Diversity, Equity, and Inclusion mandates that betrayed Target’s customers and shareholders and caused investors to lose billions of dollars. Inspire CEO Robert Netzly had this to say about the lawsuit, “Target is not above the law and must be held accountable for their reckless, ideologically motivated LGBT Pride Campaign and the damage it has caused shareholders. As faith-based investors, we are sending a message to Target and any other company watching on the sidelines that we expect companies to act ethically and uphold their fiduciary duty to shareholders and will hold them accountable as such.”