An investigation on behalf of current long term investors in Target Corporation (NYSE:TGT) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/29/2023 -- An investigation was announced for long-term investors in shares of Target Corporation (NYSE: TGT) concerning potential breaches of fiduciary duties by certain directors of Target Corporation.
Investors who are current long term investors in Target Corporation (NYSE: TGT) shares, 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 for investors in NYSE: TGT stocks follows a lawsuit filed against Target Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TGT stocks, concerns whether certain Target Corporation directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Target made materially false and/or misleading statements and/or failed to disclose: (i) the true extent of Target's difficulty maintaining a balanced inventory of in-demand goods, despite its insights into changing consumer preferences; (ii) that Target was severely impacted by changing consumer preferences; (iii) that Target's inventory mix was significantly more sensitive to changing consumer preferences due to Target's practice of buying larger quantities ahead of season, and was therefore at significant risk of having to use markdowns to sell out-of-demand goods; and (iv) that, as a direct result of these changing preferences, Target's inventory increasingly became out-of-balance and overweight in bulky and unsellable goods between August 18, 2021 and May 17, 2022forcing Target to markdown its out-of-demand goods, thereby negatively impacting revenue.
Those who purchased shares of Target Corporation (NYSE: TGT) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
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.