NEW YORK, May 19, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed on behalf of those who purchased shares of Target Corporation ("Target" or the "Company") (NYSE: TGT) between February 27, 2013 and May 19, 2014 inclusive (the "Class Period").
The Complaint alleges that throughout the Class Period Defendants issued false and misleading statements to investors and/or failed to disclose that: (1) when Target opened its first group of stores in Canada it had substantial supply chain infrastructure, distribution centers, and technology systems problems, in addition to poorly trained employees; (2) these problems instigated significant issues, including surplus inventory at distribution centers and insufficient inventory at retail stores; (3) the surplus in inventory at distribution centers and deficiency of inventory at retail locations required Target to severely discount its products and suffer losses; and (4) the supply chain and employee personnel problems were not characteristic of Target's U.S. based newly launched locations; and (5) as a result, Target's public statements were materially false and misleading at all relevant times.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint or join the action, please visit the firm's site: http://www.bgandg.com/#!tgt/fcdmx. To discuss this action, or for any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Target you have until July 18, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
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