TARGET SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess...
May 20 2016 - 10:07PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until
July 18, 2016 to
file lead plaintiff applications in a securities class action
lawsuit against Target Corporation (NYSE:TGT), if they purchased
the Company’s securities between February 27, 2013 and May 19,
2014, inclusive (the “Class Period”). This action is pending
in the United States District Court for the District of Minnesota.
What You May Do
If you purchased shares of Target and would like to
discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850 or
email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you
must petition the Court by July 18, 2016.
About the Lawsuit
Target and certain of its executives are charged
with failing to disclose material information during the Class
Period, violating federal securities laws.
The alleged false and misleading statements or
omissions include, but are not limited to, that: (i) when Target
opened its first group of stores in Canada, it had significant
problems with its supply chain infrastructure, distribution
centers, and technology systems, and inadequately trained
employees; (ii) these problems caused significant, pervasive
issues, including excess inventory at distribution centers and
inadequate inventory at retail locations, forcing Target to heavily
discount products and incur heavy losses; and (iii) these
supply-chain and personnel problems were not typical of newly
launched locations in Target's traditional U.S.-based
market.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana
Attorney General Charles C. Foti, Jr., is a law firm focused on
securities, antitrust and consumer class actions, along with merger
& acquisition and breach of fiduciary litigation against
publicly traded companies on behalf of shareholders. The firm has
offices in New York, California and Louisiana.
To learn more about KSF, you may visit
www.ksfcounsel.com.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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