Analyst Research

Report Title Price
Provider: Stock Traders Daily
$20.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Stock Traders Daily
$20.00
Provider: Pechala's Reports
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Levi & Korsinsky, LLP Announces Class Action Against Kohl's Corp


Friday, 26 Jul 2013 10:43am EDT 

Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Kohl's Corp(Kohl's or the Company) commons stock during the period between February 26, 2009 and September 13, 2011. The complaint alleges that the Company misrepresented and/or failed to disclose that: a) the Company's reported debt was materially understated; b) the Company's reported equity was materially overstated; c) the Company's leverage ratios were materially understated; d) the financial statements issued by the Company during the class period were materially false and misleading; and e) the Company violated standards of accounting associated with regards to disclosure of leases. On August 4, 2011, the Company announced that certain errors were discovered in its accounting for its leases. Following this statement, the price of Kohl's common stock declined nearly 8%, to close at $47.67. The company filed a Form 8-K reporting that, as a result of these accounting errors, the financial statements included in 2010 Form 10-K and first quarter 2011 Form 10-Q could no longer be relied upon. On this news, Kohl's stock dropped 2.5% another closing at $43.87 on September 8, 2011. 

Company Quote

54.26
-0.78 -1.42%
17 Apr 2014