A lead plaintiff acts on behalf of all other class members in directing the Target class action lawsuit.
Investors in Target Corporation with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - TGT
San Diego: The law firm of Robbins Geller Rudman & Dowd LLP informed that purchasers or acquirers of Target Corporation common stock between August 18, 2021 and May 17, 2022, both dates inclusive (the "Class Period") have until May 30, 2023 to want appointment as lead plaintiff of the Target class action lawsuit.
Marked Perez v. Target Corporation, No. 23-cv-00769 (D. Minn.), the Target class action lawsuit charges Target as well as certain of Target's top executives with breaches of the Securities Exchange Act of 1934.
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Robbins Geller is one of the world's complex class action houses representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs' firm.
With 200 law professionals in 9 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.
Despite Target's runaway growth in 2020, Target's revenue was constrained by its inability to keep its shelves fully stocked. To mitigate the risk that replenishment of in-demand goods could take longer than usual going into the second half of 2021, Target announced that it had been ordering larger upfront quantities in advance of season to ensure that shelves were stocked with products consumers wanted, when they sought them.
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Target common stock during the Class Period to seek appointment as lead plaintiff of the Target class action civil case.
A lead plaintiff is generally the movant with the greatest financial gain in the relief sought by the putative class who is also typical and adequate of the putative class.
The lead plaintiff can short a law firm of its choice to litigate the Target class action lawsuit. An investor's ability to share in any potential future revive is not dependent upon serving as lead plaintiff of the Target class action lawsuit.