NEW YORK, Sept. 02, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Kohl’s Corporation (“Kohl’s” or the “Company”) KSS and some of his officers. The class action lawsuit, filed in U.S. District Court for the Eastern District of Wisconsin and filed number 22-cv-01016, is on behalf of a class consisting of all persons and entities other than the defendants, who purchased or otherwise purchased between Kohl’s securities October 20, 2020 and May 19, 2022, both dates inclusive (the “Collection Period”), in an attempt to recover damages caused by Defendants’ violations of the federal securities laws and to seek remedies under Sections 10( b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder against the Company and certain of its senior officials.
If you are a shareholder who purchased or otherwise acquired Kohl’s securities during the class action period, you have until November 1, 2022 to ask the court to name you as lead plaintiff in the class action. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this promotion, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, ext. 7980. Persons inquiring by email are asked to provide their mailing address, telephone number and the number of shares purchased.
[Click here for information about joining the class action]
Kohl’s is a retail company in the United States. The Company offers branded apparel, footwear, accessories, beauty and home products through its stores and website.
In October 2020, Kohl’s announced that it had launched a new strategic framework to “drive sales growth,” “expand operating margin,” and become “the most trusted retailer of choice for active and casual lifestyles” (the “Strategic Plan”). Specifically, the strategic plan included “new initiatives to position the company for…
