Kessler Topaz Meltzer & Check, LLP: Investigation on Behalf of Kohl’s Corporation Shareholders

Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Kohl's Corporation (NYSE:  KSS) (“Kohl's”) securities between March 1, 2022 and May 19, 2022.

Kohl's investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.

On May 20, 2022, Macellum Advisors GP, LLC (“Macellum”), "a long-term holder of nearly 5% of the outstanding common shares of Kohl's", issued a statement addressing "[t]his quarter's extremely disappointing results," which Macellum described as "simply a consequence of a weak Board and management configuration leading to a flawed strategic plan and an inability to execute." Additionally, Macellum stated that "the current Board appears to have withheld material information from shareholders about the state of Kohl's in the lead-up to this year's pivotal annual meeting," which "suggests to us a clear breach of fiduciary duty." Following this news, Kohl's stock price fell $5.84 per share, or 12.97%, to close at $39.20 per share on May 20, 2022.

If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP:  James Maro, Esq. (484) 270-1453 or via e-mail at [email protected].