The Young Law Firm announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the securities of Kohl’s Corporation (“Kohl’s” or the “Company”) (NYSE: KSS) between February 26, 2009 and September 13, 2011, inclusive (the “Class Period”).
A copy of the complaint (“Complaint”) is available from the court. Please contact us toll-free at (888) 452-7252 or by email to email@example.com to discuss this matter.
Kohl’s operates department stores and a website that offer a variety of products such as apparel, footwear and housewares. The Complaint alleges that defendants issued materially false and misleading statements or failed to disclose material facts throughout the Class Period concerning the Company’s operations and financial condition. Specifically, the allegations in the Complaint include that the Company misrepresented or failed to disclose that: (1) the Company’s reported debt was materially understated; (2) the Company’s reported equity was materially overstated; (3) the Company’s leverage ratios, including its debt-to-equity ratio, were materially understated; (4) the Company violated accounting standards associated with the accounting for and disclosure of leases; (5) the Company’s financial statements issued during the Class Period were not fairly presented in conformity with Generally Accepted Accounting Principles and were materially false and misleading; (6) the Company’s representations about its internal and disclosure controls were false and misleading; and (7) based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its financial condition.
If you are a member of the Class described above you may move the Court no later than September 23, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements.
If you purchased KSS stock, or have information about the Company’s financial statements, or would like to learn more about these issues please contact:
Henry Young Esq., the Firm’s founder, has over 10 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and class action cases in general, please visit our website: www.theyounglf.com.
This press release may be considered attorney advertising. Past results do not guarantee future performance.
The Young Law Firm
Henry Young Esq.
Toll Free: (888) 452-7252
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