December 5, 2023

Inspire Advisors Joins Target Lawsuit on Behalf of Faith-Based Investors

The lawsuit seeks to hold Target accountable for misleading representations about its ESG and DEI mandates that caused investors to lose billions of dollars.
Article by
Molly Blakeman

BOISE, ID, December 5, 2023 – Inspire Advisors, a leading faith-based investing firm, has joined counsel America First Legal (AFL) and Boyden Gray PLLC in a lawsuit against Target Corporation and its Board of Directors. The lawsuit seeks to hold Target and its leadership accountable for misleading representations about its Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) 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.”

Some highlights of the complaints filed in the lawsuit:

• Target’s LGBT activism repeatedly provoked consumer backlash and subjected Target to social and political risks

• Despite increasing risks, Target drastically expanded its LGBT activism with the 2023 LGBT-Pride Campaign

• Target’s disastrous 2023 LGBT-Pride Campaign triggered consumer boycotts that cost investors billions

• Target and CEO Brian Cornell misleadingly downplayed the severity of consumer backlash to the 2023 LGBT-Pride Campaign

Read the lawsuit here.

About Inspire Advisors

Inspire Advisors is the wealth management division of the Inspire Investing family of companies, an enterprise with $2.3 billion in assets under management (as of 11/30/23). Inspire has ranked as a top RIA by FA Magazine for seven years in a row. Inspire was also recognized in The Financial Times' “Americas’ Fastest Growing Companies” 2021 and 2022 report and the Inc. 5000 list of fastest-growing private companies in America four years running. The Inspire Advisors platform is purpose-built from the ground up to support Christian financial advisors who want to run their practices with diligent, biblically responsible investing (BRI) alignment, a growing conviction among financial advisors and their clients.

Media contact:

Molly Blakeman
(208) 994-0495

Investment advisory services offered through Inspire Advisors, LLC and Inspire Investing, LLC, both Registered Investment Advisors with the SEC.

Share this article

*Advisory Services are offered through CWM Advisors, LLC dba Inspire, a Registered Investment Adviser with the SEC. All expressions of opinion are subject to change. This article is distributed for educational purposes, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, products, or services. Investors should talk to their financial advisor prior to making any investment decision.

Christian financial advisors. Data-driven results.

At Inspire Advisors, we believe good values and good returns are not mutually exclusive.
Talk with An Advisor
Arrow Icon
Inspire Advisors featured in
The Wall Street JournalThe New York TimesBarron'sBusiness InsiderReutersYahoo!Bloomberg
Financial Times
National Admin Office: 3597 E Monarch Sky Ln, Suite 330 Meridian, ID 83646; Phone: (877) 859-6383 Investment advisory services offered through Inspire Advisors, LLC, a Registered Investment Advisor registered with the SEC.

© Copyright - Inspire Advisors, LLC