Kohl’s navigates a turbulent legal landscape with two ongoing class action lawsuits: investors alleging securities fraud and consumers claiming deceptive marketing and price manipulation. While Kohl’s denies wrongdoing, the lawsuits raise concerns and warrant consumer vigilance.
| Complete Date | Case | Citation | Court | Short Summary |
|---|---|---|---|---|
| Sept. 2022 | Securities Fraud Class Action | Bronstein Gewirtz & Grossman, LLC | U.S. District Court (E.D. Wis.) | Investors allege Kohl’s inflated stock prices through false and misleading statements about its business and operations. Case ongoing, awaiting resolution. |
| Aug. 2023 | Consumer Protection Class Action | Not specified | Various U.S. District Courts | Customers accuse Kohl’s of misleading price claims, exaggerated savings promises, and high-pressure sales tactics. Lawsuit pending, outcome uncertain. |
| Ongoing | Individual Lawsuits | Various | Various U.S. District Courts | Additional claims against Kohl’s range from wrongful termination and wage violations to product liability. All remain pending. |
| 2023 | Kohl’s Denies All Wrongdoing | Public statements | N/A | Kohl’s maintains its innocence across all lawsuits, refuting all accusations of misconduct or illegal practices. |
- The securities fraud lawsuit seeks investor compensation for potential losses due to allegedly inflated stock prices.
- The consumer protection lawsuit aims to hold Kohl’s accountable for potentially unfair business practices that mislead and disadvantage customers.
- The ongoing nature of these lawsuits leaves their ultimate outcomes undetermined, pending potential settlements, discovery phases, and possible trials.
Recommendations for Consumers:
- Exercise caution and awareness when shopping at Kohl’s, scrutinizing price claims and promotional offers.
- Review fine print and retain receipts for documentation in case of discrepancies or concerns.
- Consider alternative retailers if Kohl’s practices raise doubts or discomfort.
- If you believe you’ve been misled or unfairly treated by Kohl’s, consider seeking legal counsel to explore your options.
Remember: These are allegations, and Kohl’s has not been found guilty of any wrongdoing. However, the lawsuits highlight potential consumer risks and warrant informed shopping choices.
