Lawsuit on Behalf of Investors in Kohl's Corporation (KSS) Announced by
SAN DIEGO, Sept. 9, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc.
announces that a lawsuit was filed on behalf of certain purchasers of Kohl's
Corporation (KSS) common stock over alleged violations of Federal Securities
Laws by Kohl's Corporation in connection with certain allegedly false and
misleading statements made between February 26, 2009 and September 13, 2011.
Investors who purchased a significant amount of shares of Kohl's Corporation
(KSS) between February 26, 2009 and September 13, 2011, and / or those who
purchased KSS shares prior to February 2009 and currently hold any of those
shares have certain options and should contact the Shareholders Foundation at
mail(at)shareholdersfoundation.com or call +1(858) 779-1554.
The plaintiff alleges on behalf of purchasers of Kohl's Corporation (KSS)
common stock during the period between February 26, 2009 and September 13,
2011, that Kohl's Corporation and certain of its officers and directors
violated the Securities Exchange Act of 1934.
On Aug 04, 2011 Kohl's Corporation reported July Comparable Store Sales. Among
other things, Kohl's Corporation said that it had identified certain errors in
its accounting for its leases and had "commenced a detailed review of its
historical lease accounting with the goal of quantifying the impact of these
errors for each affected reporting period." On August 11, 2011, Kohl's
Corporation announced that as a result of errors related to its accounting for
leases, investors should no longer rely upon the financial statements included
in the Company's 2010 Form 10-K and first quarter 2011 Form 10-Q. Then, on
September 8, 2011, Kohl's Corporation filed a notification of late filing with
the SEC disclosing that Kohl's Corporation was unable to file its Form 10-Q
for the quarter ended July 30, 2011, due to various errors in its accounting
for both store and equipment leases.
The plaintiff seeks to recover damages.
Those who purchased shares of Kohl's Corporation (KSS) have certain options
and should contact the Shareholders Foundation, Inc. by e-mail at
email@example.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.
CONTACT: Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
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