SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

May 23, 2016 15:06 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Target Corporation of Class Action Lawsuit and Target 401(k) Plan Holders of Investigation -- TGT

NEW YORK, NY--(Marketwired - May 23, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Target Corporation ("Target") (NYSE: TGTbetween February 27, 2013 and May 19, 2014. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of Minnesota. Levi & Korsinsky has also commenced an investigation on behalf of Target Corporation 401(k) plan holders regarding whether the fiduciaries of Target's 401(k) plan violated the Employee Retirement Income Security Act of 1974. To get more information go to:

http://www.zlk.com/pslra/target-corporation

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the Class Period, Target issued materially false and misleading information and/or failed to disclose adverse facts regarding its Canadian expansion, including that: (a) at the time of the opening of its first stores in Canada, Target had significant problems with its supply chain infrastructure, distribution centers, and technology systems, as well as inadequately trained employees; (b) these problems caused significant, pervasive issues, including excess inventory at distribution centers and inadequate inventory at retail locations; (c) these inventory issues forced Target to heavily discount products and incur heavy losses; and (d) these supply-chain and personnel problems were not typical of newly launched locations in Target's traditional U.S.-based market.

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.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com