The Florida Attorney’s Office has filed a class-action lawsuit against Target Corp., arguing that the retailer’s Board of Directors and CEO Brian Cornell failed to disclose financial risks related to its 2023 LGBT-Pride Campaign.

The lawsuit was filed on behalf of the state’s Board of Administration, which oversees Florida investments and is a Target shareholder, on Feb. 20 in the Middle District of Florida. The complaint, which is similar to other recent lawsuits filed against Target, alleges company officials betrayed investors by making false statements about potential financial fallout from the company’s diversity, equity and inclusion (DEI) policies.

Target violated sections of the Securities Exchange Act of 1934 by shielding from investors risks of a consumer backlash from the pride campaign and other inclusion efforts, according to the lawsuit.