INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Target Corporation of a Class Action Lawsuit and a Lead Plainti...
July 12 2016 - 10:12AM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of Target
Corporation (“Target”) (NYSE:TGT) between February
27, 2013 and May 19, 2014. You are hereby
notified that a securities class action lawsuit has been
commenced in the USDC for the District of Minnesota. To get more
information go to:
http://www.zlk.com/pslra/target-corporation
or contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972. There is no cost or obligation to
you.
The complaint alleges that throughout the Class
Period, Target issued materially false and misleading information
and/or failed to disclose adverse facts regarding its Canadian
expansion, including that: (a) at the time of the opening of its
first stores in Canada, Target had significant problems with its
supply chain infrastructure, distribution centers, and technology
systems, as well as inadequately trained employees; (b) these
problems caused significant, pervasive issues, including excess
inventory at distribution centers and inadequate inventory at
retail locations; (c) these inventory issues forced Target to
heavily discount products and incur heavy losses; and (d) these
supply-chain and personnel problems were not typical of newly
launched locations in Target’s traditional U.S.-based
market.
On May 20, 2014, news outlets reported that
Target had fired its president of Canadian operations, with an
article in The New York Times referring to 2014 as “a year of
public setbacks and damaging missteps…” for the Company.
If you suffered a loss in Target you
have until July 18, 2016 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and
experience representing investors in securities litigation, and
have recovered hundreds of millions of dollars for aggrieved
shareholders. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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