An investigation for investors in Nordstrom, Inc. (NYSE: JWN) shares over potential securities laws violations by Nordstrom, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 04/30/2019 -- An investigation was announced over potential securities laws violations by Nordstrom, Inc. (in connection with certain financial statements.
Investors who purchased shares of Nordstrom, Inc. (NYSE: JWN), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Nordstrom, Inc. (NYSE: JWN regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 15, 2018, Nordstrom, Inc reported its third quarter 2018 earnings and on February 28, 2019, Nordstrom, Inc. reported its fourth quarter and fiscal 2018 earnings. Nordstrom, Inc. reported that its Total Revenue rose from over $15.47 billion for the 12 months period that ended on February 3, 2018 to o $15.86 billion for the 12 months period that ended on February 2, 2019 and that its Net Income over those time periods increased from $437 million to $564 million.
Shares of Nordstrom, Inc. (NYSE: JWN) declined from $67.75 per share in early November 2018 to as low as $40.12 per share on April 26, 2019.
Those who purchased shares of Nordstrom, Inc. (NYSE: JWN) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.