LOS ANGELES–(BUSINESS WIRE)–Schall law firma national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Kohl’s Corporation (“Kohl’s” or “the Company”) (NYSE: KSS) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Kohl’s is the subject of a statement issued by Macellum Advisors GP, LLC (“Macellum”), “a long-term holder of approximately 5% of the outstanding common stock of Kohl’s”, on May 20, 2022. Macellum focuses on the company’s “extremely disappointing results”, which she says are “simply the consequence of a weak board and management setup leading to a flawed strategic plan and an inability to to execute it”. Macellum added that “the current board of directors appears to have withheld important information about the state of Kohl’s from shareholders in the run-up to this year’s pivotal annual meeting.”
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.comor by e-mail to [email protected]
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.