Target, Investors Debate Whether PSLRA Stay Applies To Transfer Motion

(February 21, 2024, 1:29 PM EST) -- FORT MYERS, Fla. — In a Feb. 20 reply brief, investors of the Target Corp. maintain their argument that the plain language of the Private Securities Litigation Reform Act of 1995 (PSLRA) requires a stay of all proceedings, which prevents a federal court in Florida from considering Target’s request to move to a Minnesota federal court the shareholders’ complaint alleging that Target and its executives made false statements about its LGBTQ+ Pride collection that caused a loss in stock value....