Glancy Prongay & Murray LLP Announces Investigation on Behalf of Nordstrom Inc. Investors (JWN)
LOS ANGELES, May 22, 2019 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Nordstrom Inc. (“Nordstrom” or the “Company”) (NYSE: JWN ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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The investigation concerns whether the Company issued materially misleading business information to the investing public.
On November 15, 2018, in connection with its third quarter 2018 financial results, the Company disclosed an estimated charge of $72 million resulting “from some delinquent Nordstrom credit card accounts being charged higher interest in error.”
On this news, shares of Nordstrom fell $8.06 per share, more than 13%, to close at $50.93 per share on November 16, 2018, thereby injuring investors.
If you purchased Nordstrom securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9244, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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