An investigation on behalf of investors in Nordstrom, Inc. (NYSE: JWN) shares over potential wrongdoing at Nordstrom, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/18/2019 -- An investigation was announced concerning possible breaches of fiduciary duties by certain directors of Nordstrom.
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 concerns whether certain Nordstrom directors breached their fiduciary duties and caused damage to the company and its shareholders.
On November 15, 2018, Nordstrom, Inc disclosed its Q3 2018 financial results. Nordstrom, Inc stated that its earnings before interest and taxes ("EBIT") "was impacted by a non-recurring estimated credit-related charge of $72 million. This estimated charge resulted from some delinquent Nordstrom credit card accounts being charged higher interest in error. The Company has taken action, including the appropriate steps to address this issue and estimates that less than 4 percent of Nordstrom cardholders will receive a cash refund or credit to outstanding balances, with most receiving less than $100."
Those who purchased shares of Nordstrom, Inc. (NYSE: JWN) have certain options and should contact the Shareholders Foundation.
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