LOS ANGELES -- (Business Wire)
Lundin Law PC announces a class action lawsuit has been filed against
Target Corporation ("Target" or the "Company") (NYSE: TGT) concerning
possible violations of federal securities laws between February 27, 2013
and May 19, 2014 (the “Class Period”). Investors who purchased or
otherwise acquired shares during the Class Period should contact the
Firm in advance of the July 18, 2016, lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact Brian
Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.
No class has been certified in the above action. Until a class is
certified, you are not considered represented by an attorney. You may
also choose to do nothing and be an absent class member.
The Complaint alleges that 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, and 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.
Lundin Law PC was created by Brian Lundin, a securities litigator based
in Los Angeles.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160701005960/en/
Contacts:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlawpc.com
Source: Lundin Law PC
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