Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of purchasers of the common stock of Kohl’s Corporation (“Kohl’s” or the “Company”) (NYSE:KSS) concerning possible breaches of fiduciary duties by the Company or its fiduciaries. The investigation is related to allegations that the Company violated accounting standards associated with the accounting for and disclosure of leases, the Company’s financial statements were not presented in conformity with Generally Accepted Accounting Principles, and the Company’s representations about its internal and disclosure controls were materially misleading.
Please contact us at (212) 682-5340, toll-free at (888) 773-9224, or at email@example.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. On August 4, 2011 the Company disclosed that it had identified certain errors in its accounting for its leases and had “commenced a detailed review of its historical lease accounting with the goal of quantifying the impact of these errors for each affected reporting period.”
Then, on August 11, 2011 in a filing with the Securities and Exchange Commission, Kohl’s disclosed that as a result of errors related to its accounting for leases, “investors should no longer rely upon the financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2011 or the Company’s Quarterly Report on Form 10-Q for the quarterly period ended April 30, 2011.”
If you purchased Kohl’s stock prior to February 26, 2009 and still hold those shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters 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, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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