Kohl’s Corporation class action lawsuit filed: Johnson Fistel, a successful law firm, encourages shareholders who owned KSS during the stock decline to contact the firm
SAN DIEGO, Sept. 03, 2022 (GLOBE NEWSWIRE) — Law firm specializing in shareholder rights Johnson Fistel, LLP announces that a class action lawsuit has been filed on behalf of the investors of Kohl’s Corporation (“Kohl’s” or the “Company”) KSS. The class action is on behalf of shareholders who purchased or otherwise acquired Kohl’s securities between October 20, 2020 and May 19, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until November 1, 2022 to apply to the court to serve as lead plaintiff in this action.
What actions can I take at this time? If you have suffered a loss and would like to learn more about the lead plaintiff role, please contact Jim Baker (jimb@johnsonfistel.com) by email or by phone at 619-814-4471. If emailing, please include a phone number.
To join this action, you can click or copy and paste the link below into a browser:
https://www.johnsonfistel.com/investigations/kohls-kss-class-action
There is no cost or obligation for you.
The Complaint alleges that throughout the Class Period, the Defendants made materially false and misleading statements regarding the company’s business, operations and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Kohl’s strategic plan was not well suited to achieving the company’s stated objectives; (ii) Defendants also overestimated the Company’s success in executing its Strategic Plan; (iii) Kohl’s had deficient disclosure controls and procedures, internal control over financial reporting and corporate governance mechanisms; (iv) as a result, the Company’s Board of Directors could and did withhold material information about the condition of Kohl’s prior to the Company’s annual meeting; (v) any of the foregoing, when disclosed, was likely to have a material adverse impact on Kohl’s financial condition and reputation; and (vi) as a result, the Company’s public statements were materially false and misleading at all material times.
A lead plaintiff will act on behalf of all other class members to lead Kohl’s class action. The lead plaintiff may select a law firm of their choice to litigate the class action. An investor’s ability to share in any potential future recoupment from the Kohl class action does not depend on his or her function as lead plaintiff. For more information on the lead applicant process, please see https://www.johnsonfistel.com/lead-plaintiff-deadlines.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. Johnson Fistel is seeking to recover losses incurred due to violations of federal securities laws. For more information about the firm and its lawyers, visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
Investor Relations
jimb@johnsonfistel.com
