LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Target Corporation ("Target" or the "Company") (NYSE: TGT). Investors who purchased or otherwise acquired shares between February 27, 2013 and May 19, 2014 (the “Class Period”), are encouraged to contact the firm in advance of the July 18, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain 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, 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.
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