BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Target Corp. (“Target” or the “Company”) (NYSE: TGT) concerning the Company and its officers’ possible violations of federal securities laws.
Beginning on February 27, 2013, Target repeatedly presented a positive outlook concerning its current and projected operations in Canada, including issuing strong financial and operational guidance for fiscal 2013. However, the Company allegedly failed to disclose to investors that Target’s Canadian expansion had encountered significant operational problems.
Over the course of several weeks the Company slowly revealed to investors the truth regarding its overall underperformance, and the significant problems in its Canadian operations. The Company disclosed to investors that the string of weak performances from Target’s Canadian operations resulted from significant undisclosed operational issues. Eventually, Target announced plans to discontinue its Canadian operations, even filing for bankruptcy protection in Canada. Target investors suffered harm after the Company’s share price declined in value due to the slow revelation of the Company’s underperformance.
If you purchased Target securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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