Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Kohl's Corporation
Glancy
Binkow & Goldberg LLP announces that a class action lawsuit has
been filed in the United States District Court for the Southern District
of New York on behalf of a class (the “Class”) comprising all purchasers
of the securities of Kohl's
Corporation (“Kohl's” or the “Company”) (NYSE:KSS) between February
26, 2009 and September 13, 2011, inclusive (the “Class Period”).
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY
EMAIL TO SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Kohl’s operates family-oriented department stores and a website that
offer moderately priced apparel, footwear and accessories for women, men
and children, soft home products such as sheets and pillows, and
housewares. The Complaint alleges that defendants issued materially
false and misleading statements or failed to disclose material adverse
facts throughout the Class Period concerning the Company's operations
and financial condition. Specifically, the Company misrepresented or
failed to disclose that: (1) the Company's reported debt was materially
understated; (2) the Company's reported equity was materially
overstated; (3) the Company's leverage ratios, including its
debt-to-equity ratio, were materially understated; (4) the Company
violated accounting standards associated with the accounting for and
disclosure of leases; (5) the Company's financial statements were not
presented in conformity with Generally Accepted Accounting Principles
and were materially false and misleading; (6) the Company's
representations about its internal and disclosure controls were false
and misleading; and (7) based on the foregoing, defendants lacked a
reasonable basis for their positive statements about the Company and its
financial condition.
If you are a member of the Class described above you may move the Court
no later than September 23, 2013 to serve as lead plaintiff; however,
you must meet certain legal
requirements.
If you wish to learn
more about this action or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2013