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Kohl's Beats Investor Class Action Over Activist Bid, For Now

By Katryna Perera (October 3, 2024, 9:55 PM EDT) -- A Wisconsin federal judge has dismissed an investor class action alleging that Kohl's attributed positive financial results to executives' strategic planning instead of unrelated, pandemic-related factors in an attempt to defeat an activist at a board meeting, finding that the investors have failed to plead any actionable false or misleading statements....

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