Target Corporation Class Action Lawsuit - TGT

The filed complaint alleges that Target Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Target’s difficulty maintaining a balanced inventory of in-demand goods was far worse than the Company had represented; (ii) Target was severely impacted by changing consumer preferences; (iii) 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) as a direct result of these changing preferences, Target’s inventory increasingly became out-of-balance and overweight in bulky and unsellable goods throughout the Class Period forcing Target to markdown its out-of-demand goods, thereby negatively impacting revenue.

In order to be eligible to join the TGT class action lawsuit, you must have incurred a loss on shares of Target purchased during the class period listed above.

If you suffered a loss in Target during the relevant time frame or pursuant to the relevant offering(s), you have until May 30, 2023 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.