LOS ANGELES--(BUSINESS WIRE)--Tostrud Law Group, PC announces an investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 15, 2018, the Company disclosed an estimated charge of $72 million resulting “from some delinquent Nordstrom credit card accounts being charged higher interest in error.”
On this news, Nordstrom’s share price fell $8.06, more than 13%, to close at $50.93 per share on November 16, 2018, thereby injuring investors.
If you purchased Nordstrom 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 Jon A. Tostrud of Tostrud Law Group, PC by telephone at (310) 278-2600, toll-free at (855) 854-8678, or by email to firstname.lastname@example.org, or visit our website at http://tostrudlaw.com/.
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