SAN DIEGO, Sept. 27, 2022 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that a lawsuit is pending against certain investors in Kohl’s Corporation (NYSE: KSS) stock.

Investors who purchased Kohl’s Corporation (NYSE: KSS) stock prior to October 2020 and continue to hold NYSE: KSS stock also have certain options and should contact the Shareholders Foundation contact -1554.

On September 2, 2022, a lawsuit was filed against Kohl’s Corporation alleging violations of securities laws. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Kohl’s strategic plan was not well tailored to achieve the company’s stated goals, that the defendants also questioned the company’s success in implementing its strategic plan overstated that Kohl’s had inadequate disclosure controls and procedures, internal controls over financial reporting and corporate governance mechanisms in place that enabled the company’s board of directors to withhold from shareholders material information about Kohl’s pre-company condition and AGM that all of this, once known, was likely to have a material adverse effect on Kohl’s financial condition and reputation and that the company’s public statements were therefore, at all relevant times, materially false and misleading.

Those who have purchased Kohl’s Corporation (NYSE: KSS) stock should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement filing service that conducts research on shareholder matters and keeps investors informed of securities class actions, settlements, judgments and other stock/financial market legal news. The Shareholders Foundation, Inc. is not a law firm. All cases, investigations and/or settlements referred to…