An investigation on behalf of investors in Nordstrom, Inc. (NYSE: JWN) shares over potential wrongdoing at Nordstrom, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/18/2019 -- An investigation was announced concerning possible breaches of fiduciary duties by certain directors of Nordstrom.
Investors who purchased shares of Nordstrom, Inc. (NYSE: JWN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Nordstrom directors breached their fiduciary duties and caused damage to the company and its shareholders.
On November 15, 2018, Nordstrom, Inc disclosed its Q3 2018 financial results. Nordstrom, Inc stated that its earnings before interest and taxes ("EBIT") "was impacted by a non-recurring estimated credit-related charge of $72 million. This estimated charge resulted from some delinquent Nordstrom credit card accounts being charged higher interest in error. The Company has taken action, including the appropriate steps to address this issue and estimates that less than 4 percent of Nordstrom cardholders will receive a cash refund or credit to outstanding balances, with most receiving less than $100."
Those who purchased shares of Nordstrom, Inc. (NYSE: JWN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.