Target Corporation. The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Minnesota on behalf of investors who purchased Target Corporation (“Target”) (NYSE: TGT) securities between February 27, 2013 and May 19, 2014.
The complaint alleges that throughout the Class Period, Target issued materially false and misleading information and/or failed to disclose adverse facts regarding its Canadian expansion, including that: (a) at the time of the opening of its first stores in Canada, Target had significant problems with its supply chain infrastructure, distribution centers, and technology systems, as well as inadequately trained employees; (b) these problems caused significant, pervasive issues, including excess inventory at distribution centers and inadequate inventory at retail locations; (c) these inventory issues forced Target to heavily discount products and incur heavy losses; and (d) these supply-chain and personnel problems were not typical of newly launched locations in Target’s traditional U.S.-based market.
If you suffered a loss in Target you have until July 18, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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