IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit Against Target Corp. And Reminds Investors ...
July 09 2016 - 06:11PM
Business Wire
Lundin Law PC announces a class action lawsuit has been filed
against Target Corporation ("Target" or the "Company") (NYSE:TGT)
concerning possible violations of federal securities laws between
February 27, 2013 and May 19, 2014 (the “Class Period”). Investors
who purchased or otherwise acquired shares during the Class Period
should contact the Firm in advance of the July 18, 2016 lead
plaintiff motion deadline.
To participate in this class action lawsuit, click here to
participate. You can also call Brian Lundin, Esquire, of Lundin
Law PC, at 888-713-1033, or e-mail him at
brian@lundinlawpc.com.
No class has been certified in the above action. Until a class
is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class
member.
According to the Complaint, throughout the Class Period Target
issued false and misleading statements to investors and/or failed
to disclose that: when Target opened its first group of stores in
Canada it had substantial problems with supply chain
infrastructure, distribution centers, and technology systems, as
well as poorly trained employees; that these problems caused
significant issues, such as surplus inventory at distribution
centers and insufficient inventory at retail stores; that the
surplus in inventory at distribution centers and deficiency of
inventory at retail locations required the Company to severely
discount its products, thus incurring heavy losses; that the supply
chain and employee personnel problems were not characteristic of
Target's U.S. based newly launched locations; and as a result of
the above, Target's public statements were materially false and
misleading at all relevant times.
Lundin Law PC was created by Brian Lundin, a securities
litigator based in Los Angeles.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160709005041/en/
Lundin Law PCBrian Lundin,
Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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