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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Target Corp | NYSE:TGT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.53 | 0.32% | 164.97 | 166.275 | 164.14 | 165.15 | 2,085,520 | 01:00:00 |
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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