Target Corporation

0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS

Case Summary
Company Name: Target Corporation
Stock Symbol : NYSE:TGT
Class Period Start: 02/27/2013
Class Period End: 05/19/2014
Lead Plaintiff motion: 07/18/2016
Date Filed: 05/17/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the District of Minnesota
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the July 18, 2016 lead plaintiff deadline in a class action lawsuit filed against Target Corporation (NYSE:TGT) (“Target” or “the Company”). The suit is pending in the U.S. District Court for the District of Minnesota and investors, who purchased Target Corporation securities between February 27, 2013 and May 19, 2014, have until July 18, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Target Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that when Target opened its first group of stores in Canada it had substantial supply chain infrastructure, distribution centers, and technology systems problems, in addition to poorly trained employees; these problems caused significant, pervasive issues, including excess inventory at distribution centers and inadequate inventory at retail locations; and the excess inventory at distribution centers and lack of inventory at retail locations forced Target to heavily discount products and incur heavy losses  and as a result, Target's public statements were materially false and misleading at all relevant times.

On May 20, 2014, news reports revealed that Target had fired Tony Fisher, the Company’s president of Canadian operations.

On January 15, 2015, Target revealed the Company would discontinue its Canadian operations and that Target Canada Co had filed for bankruptcy protection in Canada.

If you were negatively impacted by your investment in Target Corporation securities between February 27, 2013 and May 19, 2014 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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