Target Seeks End to Lawsuit Over LGBTQ+ Pride Marketing Backlash

Target Corp. has asked a federal court to toss a right-leaning advocacy group’s lawsuit alleging the retailer misled investors about risks from LGBTQ+ Pride marketing that they said cost shareholders billions of dollars following a conservative backlash.

Target on Tuesday urged the US District Court for the Middle District of Florida to dismiss the lawsuit, saying it doesn’t qualify as a securities fraud case. Former senior Trump adviser Stephen Miller’s America First Legal Foundation brought the suit in August on behalf of an investor.

The case is the first of what could be other lawsuits from the foundation with similar ...