Deadline on May 30th coming up in Lawsuit for Investors in shares of Target Corporation (NYSE: TGT)

The Shareholders Foundation announced that a deadline is coming up on May 30, 2023 in the lawsuit filed for certain investors of Target Corporation (NYSE: TGT) over alleged securities laws violations by Target Corporation.

Investors who purchased shares of Target Corporation (NYSE: TGT) have certain options and there are strict and short deadlines running. Deadline: May 30, 2023. NYSE: TGT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the District of Minnesota the plaintiff alleges on behalf of purchasers of Target Corporation (NYSE: TGT) common shares between August 18, 2021 and May 17, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 18, 2021 and May 17, 2022, 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.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

This release was published on openPR.