Glancy Prongay & Murray Commences Investigation on Behalf of Target Corp. Investors
May 20 2016 - 12:29PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of investors of Target Corp. (“Target” or
the “Company”) (NYSE: TGT) concerning the Company and its officers’
possible violations of federal securities laws. Investors with
losses over $100,000 are encouraged to contact GPM to discuss their
legal rights.
Beginning on February 27, 2013, Target repeatedly presented a
positive outlook concerning its current and projected operations in
Canada, including issuing strong financial and operational guidance
for fiscal 2013. However, the Company allegedly failed to disclose
to investors that Target’s Canadian expansion had encountered
significant operational problems.
Over the course of several weeks the Company slowly revealed to
investors the truth regarding its overall underperformance, and the
significant problems in its Canadian operations. The Company
disclosed to investors that the string of weak performances from
Target’s Canadian operations resulted from significant undisclosed
operational issues. Eventually, Target announced plans to
discontinue its Canadian operations, even filing for bankruptcy
protection in Canada. Target investors suffered harm after the
Company’s share price declined in value due to the slow revelation
of the Company’s underperformance.
If you purchased Target securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160520005728/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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