America First Legal filed the lawsuit in Florida federal court on behalf of investor Brian Craig against Target, chief executive Brian Cornell and the company’s board of directors. America First is a nonprofit group headed by Stephen Miller, a former adviser to ex-President Donald Trump. …

Craig, who owns 216 Target shares, said the board falsely said it monitored social and political risk while focusing only on the risks associated with not achieving its ESG and diversity, equity and inclusion (DEI) goals.

The board “misrepresented its oversight because the board monitored only one side,” Craig said in the lawsuit.

[This might have some popcorn-passing entertainment value, at least for a while. If other investors join and turn it into a class-action suit, though, it might get a little more interesting. FWIW, Target stock peaked this year in February at $181.02 and now sits at $130.55 after losing 14% of its price in early trading (as of noonish ET). That would make Craig’s overall loss nearly $11,000 — not small potatoes for an individual investor. — Ed]