SAN DIEGO, May 16, 2023 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Kohl's Corporation (NYSE: KSS).
Investors, who purchased Kohl's Corporation (NYSE: KSS) shares prior to October 2020 and continue to hold any of those NYSE: KSS shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On September 2, 2022, a lawsuit was filed on behalf of certain investors in NYSE: KSS shares against Kohl's Corporation over alleged securities laws violations. The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Kohl’s Strategic Plan was not well tailored to achieving the Company’s stated goals, that the Defendants had likewise overstated the Company’s success in executing its Strategic Plan, that Kohl’s had deficient disclosure controls and procedures, internal control over financial reporting, and corporate governance mechanisms, that as a result, the Company’s Board 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, that all the foregoing, once revealed, was likely to have a material negative impact on Kohl’s financial condition and reputation, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
Those who Kohl's Corporation (NYSE: KSS) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
