NEW YORK, Sept. 4, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Kohl's Corporation ("Kohl's" or the "Company") (NYSE:KSS) common stock during the period between February 26, 2009 and September 13, 2011.
Click here to learn more about the action http://zlk.9nl.com/kohls-kss/, or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that the Company misrepresented and/or failed to disclose that: a) the Company's reported debt was materially understated; b) the Company's reported equity was materially overstated; c) the Company's leverage ratios were materially understated; d) the financial statements issued by the Company during the class period were materially false and misleading; and e) the Company violated standards of accounting associated with regards to disclosure of leases.
On August 4, 2011, the Company announced that certain errors were discovered in its accounting for its leases. Following this statement, the price of Kohl's common stock declined nearly 8%, to close at $47.67. The company filed a Form 8-K reporting that, as a result of these accounting errors, the financial statements included in 2010 Form 10-K and first quarter 2011 Form 10-Q could no longer be relied upon. On this news, Kohl's stock dropped another 2.5% closing at $43.87 on September 8, 2011.
Shareholders of Kohl's have until September 23, 2013 to seek appointment as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/kohls-kss/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Against Kohl's Corporation and Its Board of Directors and a Deadline of September 23, 2013 to Seek a Lead Plaintiff Position (2013/8/6)|
|KIOR, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Against KiOR, Inc. and Its Board of Directors and Deadline of October 21, 2013 to Seek Lead Plaintiff Position (2013/10/14)|
|KIOR, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Against KiOR, Inc. and Its Board of Directors and Deadline of October 21, 2013 to Seek Lead Plaintiff Position -- KIOR ()|
|UPCOMING DEADLINE: Levi & Korsinsky, LLP Announces Class Action Against Atossa Genetics, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of December 9, 2013 -- ATOS ()|
|Expedia, Inc. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Against Expedia, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of October 28, 2013 -- EXPE (2013/10/8)|
|Kaydon Corporation SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Kaydon Corporation in Connection With the Sale of the Company to AB SKF ()|
|Molex Incorporated Shareholder Alert: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Molex Incorporated in Connection with Sale of Company to Koch Industries (2013/9/10)|
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Greenway Medical Technologies, Inc. In Connection With Sale Of Company to Vista Equity Partners (2013/9/24)|
|THORATEC CORPORATION SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Class Action Against THORATEC CORPORATION and Its Board and a Lead Plaintiff Deadline of March 24, 2014 -- THOR (2014/1/28)|
|MTR GAMING GROUP, INC. SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of MTR Gaming Group, Inc. ()|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.