Kohl’s Corporation SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class
Action Against Kohl’s Corporation and Its Board of Directors and a Deadline
of September 23, 2013 to Seek a Lead Plaintiff Position
NEW YORK -- August 21, 2013
Levi & Korsinsky announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of New York on
behalf of investors who purchased Kohl’s Corporation (“Kohl’s” or the
"Company") (NYSE:KSS) commons stock during the period between February 26,
2009 and September 13, 2011.
Click here to learn more about the action http://zlk.9nl.com/kohls-kss/, or
call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that the Company misrepresented and/or failed to
disclose that: a) the Company’s reported debt was materially understated; b)
the Company’s reported equity was materially overstated; c) the Company’s
leverage ratios were materially understated; d) the financial statements
issued by the Company during the class period were materially false and
misleading; and e) the Company violated standards of accounting associated
with regards to disclosure of leases.
On August 4, 2011, the Company announced that certain errors were discovered
in its accounting for its leases. Following this statement, the price of
Kohl’s common stock declined nearly 8%, to close at $47.67. The company filed
a Form 8-K reporting that, as a result of these accounting errors, the
financial statements included in 2010 Form 10-K and first quarter 2011 Form
10-Q could no longer be relied upon. On this news, Kohl's stock dropped
another 2.5% closing at $43.87 on September 8, 2011.
Shareholders of Kohl’s have until September 23, 2013 to seek appointment as
lead plaintiff. Your ability to share in any recovery doesn’t require that you
serve as a lead plaintiff. To obtain additional information, contact Joseph E.
Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212)
363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/kohls-kss/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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