Kohl’s misleading strategic plan, shareholders lawsuit claims
The company enthusiastically, but misleadingly, promoted the plan in public statements, Sean Shanaphy said in his September 2 lawsuit filed in the U.S. District Court for the Eastern District of Wisconsin.
Kohl’s “praised its allegedly strong customer base, industry-leading loyalty and payment card programs, high store volume, and large and growing digital business” when it announced the plan. on growth that aimed to provide…
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