NEW
YORK, Sept. 30, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Kohl's Corporation (NYSE:
KSS).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/kohls-corporation-loss-submission-form/?id=32236&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Kohl's between October 20,
2020 and May 19, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 1, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Kohl's Corporation issued
materially false and/or misleading statements and/or failed to
disclose that: (i) Kohl's new strategic framework to "drive
top-line growth," "expand operating margin," and become "the most
trusted retailer of choice for the active and casual lifestyle"
(the "Strategic Plan") was not well tailored to achieving the
Company's stated goals; (ii) the defendants had likewise overstated
the Company's success in executing its Strategic Plan; (iii) Kohl's
had deficient disclosure controls and procedures, internal control
over financial reporting, and corporate governance mechanisms; (iv)
as a result, the Company's board of directors was able to and did
withhold material information from shareholders about the state of
Kohl's in the lead-up to the Company's annual meeting; (v) all the
foregoing, once revealed, was likely to have a material negative
impact on Kohl's financial condition and reputation; and (vi) as a
result, the Company's public statements were materially false and
misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original
content:https://www.prnewswire.com/news-releases/kss-shareholder-alert-jakubowitz-law-reminds-kohls-shareholders-of-a-lead-plaintiff-deadline-of-november-1-2022-301637303.html
SOURCE Jakubowitz Law