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Investor Suit Against Target Won't Be Revived, Judge Says

Law360 (March 19, 2018, 9:32 PM EDT) -- A Minnesota federal judge on Monday said she would not reconsider the dismissal of a proposed securities class action accusing Target of misleading investors amid its tumultuous expansion into Canada, saying public statements company executives had made during the expansion don't meet the standard for securities fraud.

U.S. District Judge Joan N. Ericksen disagreed with the Carpenters' Pension Fund of Illinois' allegations that six public disclosures made in 2013 defrauded investors into thinking that things were running smoothly even as Target's Canadian unit was experiencing issues...
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Case Information

Case Title

In re: Target Corporation Securities Litigation


Case Number

0:16-cv-01315

Court

Minnesota

Nature of Suit

Securities/Commodities

Judge

Joan N. Ericksen

Date Filed

May 17, 2016

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