Press release from Business Wire
KOHL'S SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit against Kohl's Corp.
Wednesday, July 24, 2013
KOHL'S SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit against Kohl's Corp.22:00 EDT Wednesday, July 24, 2013
NEW ORLEANS (Business Wire) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 23, 2013 to file lead plaintiff applications in a securities class action lawsuit against Kohl's Corp. (NYSE: KSS), if they purchased the Company's securities during the period between February 26, 2009 and September 13, 2011, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Kohl's and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (email@example.com) or KSF Partner Melinda Nicholson (firstname.lastname@example.org). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 23, 2013.
About the Lawsuit
Kohl's and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, in violation of federal securities laws.
On August 4, 2011, Kohl's announced that it had identified certain errors in its accounting for leases and had “commenced a detailed review of its historical lease accounting.” Then, on August 11, 2011, Kohl's reported that, because of these errors, investors should no longer rely upon the Company's financial statements in its 2010 10-K and first quarter 2011 10-Q. Finally, on September 8, 2011, Kohl's disclosed that the Company was unable to file its 10-Q for the quarter ended July 30, 2011, due to various errors in its accounting for both store and equipment leases.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850
Melinda Nicholson, 1-877-515-1850