NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 18, 2016 to file lead plaintiff applications in a securities class action lawsuit against Target Corporation (NYSE: TGT), if they purchased the Company’s securities between February 27, 2013 and May 19, 2014, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Minnesota.
What You May Do
If you purchased shares of Target and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by July 18, 2016.
About the Lawsuit
Target and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements or omissions include, but are not limited to, that: (i) when Target opened its first group of stores in Canada, it had significant problems with its supply chain infrastructure, distribution centers, and technology systems, and inadequately trained employees; (ii) these problems caused significant, pervasive issues, including excess inventory at distribution centers and inadequate inventory at retail locations, forcing Target to heavily discount products and incur heavy losses; and (iii) these supply-chain and personnel problems were not typical of newly launched locations in Target's traditional U.S.-based market.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.