Securities Law Violations Investigation by Kaplan Fox & Kilsheimer LLP
Kaplan Fox & Kilsheimer LLP is currently looking into potential securities violations involving Macy’s, Inc. If you’re an investor in Macy’s and have experienced losses, reaching out to Kaplan Fox could be beneficial.
In a recent press release on November 25, 2024, Macy’s disclosed that an accounting employee had intentionally entered incorrect accounting accrual entries to conceal around $132 to $154 million in cumulative delivery expenses from the fourth quarter of 2021 through the fiscal quarter ending on November 2, 2024. As a result, Macy’s has postponed the release of its third quarter 2024 earnings to conduct an independent investigation. Following this revelation, the price of Macy’s stock dropped up to 5% during intraday trading on the same day.
Kaplan Fox is a well-established national law firm specializing in complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox has a proven track record of success. They have played a significant role in shaping the law through successful outcomes for their clients at both federal and state levels.
For more information about Kaplan Fox & Kilsheimer LLP, you can visit their website at www.kaplanfox.com. If you have any inquiries regarding this investigation, you can reach out to Pamela A. Mayer at pmayer@kaplanfox.com or call (646) 315-9003. For those in California, you can contact Laurence D. King at lking@kaplanfox.com or call (415) 772-4704.
