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The filed complaint alleges that Target Corporation made materially false and/or misleading statements and/or failed to disclose that: On November 20, 2024, Target reported earnings well below Wall Street's expectations, which the big retail chain blamed on slower-than-expected demand. Target executives cited continued weakness in discretionary sales, which include things like apparel and consumer electronics, as well as costs tied to the short-lived ports strike. Following this news, Target's shares dropped over 15% in premarket trading.
In order to be eligible to join the TGT class action lawsuit, you must have incurred a loss on shares of Target Corporation purchased during the class period listed above.
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