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KOHL'S ALERT: Bragar Eagel & Squire, P.C. is Investigating Kohl's Corporation on Behalf of Kohl's Stockholders and Encourages Investors to Contact the Firm
Kohl’sKohl’s(US:KSS) GlobeNewswire News Room·2025-05-09 01:00

Core Viewpoint - Kohl's Corporation is under investigation for potential violations of federal securities laws and unlawful business practices following the termination of its CEO due to undisclosed conflicts of interest in vendor transactions [1][2]. Group 1: Company Actions - On May 1, 2025, Kohl's announced the termination of its CEO for violating company policy by engaging in vendor transactions that involved undisclosed conflicts of interest [2]. - The CEO directed the company to conduct business with a vendor he had a personal relationship with, under unusual terms favorable to the vendor, and facilitated a multi-million dollar consulting agreement involving the same individual [2]. Group 2: Market Reaction - Following the news of the CEO's termination, Kohl's stock experienced a significant drop accompanied by unusually heavy trading volume [2]. Group 3: Legal Investigation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Kohl's stockholders regarding the company's actions and possible violations of securities laws [1].