Stull, Stull & Brody Announces Continuing Investigation Relating to 401(k) Plans of Target Corporation (NYSE:TGT)

Stull, Stull & Brody today announced that a securities fraud complaint has been filed and that it is continuing its investigation relating to the 401(k) defined contribution plan of Target Corporation (NYSE:TGT) ("Target" or the "Company"). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of Target's 401(k) plan violated the Employee Retirement Income Security Act of 1974 ("ERISA") by offering Target stock as an investment option under the plan when it was not prudent to do so and by failing to disclose the Company's true financial and operating condition to participants and beneficiaries of the plan.

If you held Target stock in an individual account under any of the Company's 401(k) plan during the last several years and have questions about your legal rights or interests with respect to these matters, please contact Michael Klein, Esq. at Stull, Stull & Brody by e-mail at [e-mail], by calling toll-free 1-800-337-4983 x147, by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

The securities fraud action filed in the U.S. District Court for the District of Minnesota focuses on whether, between February 27, 2013 and May 19, 2014, the Company and its executives violated federal securities laws by making false and/or misleading statements regarding the Company’s launch of its operations in Canada. The securities fraud action alleges that Target failed to disclose the following facts: (a) at the time of the opening of its stores in Canada, it had significant problems with its supply chain infrastructure, distribution centers, and technology systems; (b) these problems caused significant issues, including excess inventory at distribution centers and inadequate inventory at retail locations; (c) this excess inventory at distribution centers and lack of inventory at retail locations forced Target to heavily discount products, incurring heavy losses; (d) these supply-chain and personnel problems were atypical of newly launched locations in Target’s traditional U.S.-based market; (e) as a result, statements about Target, its financial condition, and the outlook for its business lacked a reasonable basis.

You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.