SHAREHOLDER NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit against Target Corp. & Encourages Investors wit...
July 12 2016 - 10:09PM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that a class
action lawsuit has been filed against Target Corporation ("Target"
or the "Company") (NYSE: TGT). Investors who purchased or otherwise
acquired shares between February 27, 2013 and May 19, 2014 (the
“Class Period”), are encouraged to contact the firm in advance of
the July 18, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall of Goldberg Law PC,
1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain 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, 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.
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/20160712006781/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.com
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