NEW YORK, Oct. 25, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Kohl's Corporation (NYSE: KSS) alleging that the Company violated federal securities laws.
Class Period: October 20, 2020 to May 19, 2022
Lead Plaintiff Deadline: November 1, 2022
No obligation or cost to you.
Learn more about your recoverable losses in KSS:
https://www.kleinstocklaw.com/pslra-1/kohls-class-action-loss-submission-form?id=32941&from=4
Kohl's Corporation NEWS - KSS NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Kohl's Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Kohl's new strategic framework to "drive top-line growth," "expand operating margin," and become "the most trusted retailer of choice for the active and casual lifestyle" (the "Strategic Plan") was not well tailored to achieving the Company's stated goals; (ii) the defendants had likewise overstated 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 was able to and did withhold material information from shareholders about the state of Kohl's in the lead-up to the Company's annual meeting; (v) all the foregoing, once revealed, was likely to have a material negative 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 relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Kohl's you have until November 1, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Kohl's securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the KSS lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/kohls-class-action-loss-submission-form?id=32941&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
View original content:https://www.prnewswire.com/news-releases/kss-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-november-1-2022-in-the-class-action-filed-on-behalf-of-kohls-corporation-shareholders-301657631.html
SOURCE The Klein Law Firm
