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Kohl's Escapes Investor Class Action Over Accounting Errors

Law360 (July 12, 2018, 7:10 PM EDT) -- The Seventh Circuit on Thursday affirmed the dismissal of a proposed class action against Kohl’s Corp. over allegations the department store chain and its top executives defrauded investors ahead of revelations about some major accounting errors, saying the investors hadn’t shown that the company's leadership intended to do wrong.

The appellate court agreed with a Wisconsin federal judge that the suit failed to present enough evidence for an inference that Kohl’s, its now-former CEO Kevin Mansell and former Chief Financial Officer Wesley McDonald intended to mislead...
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Case Information

Case Title

Pension Trust Fund for Operati, et al v. Kohl's Corporaton, et al


Case Number

17-2697

Court

Appellate - 7th Circuit

Nature of Suit

3850 Securities, Commodities, Exchange

Date Filed

August 18, 2017

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