MACY'S is Being Investigated for Potential Securities Law Violations - Contact Kaplan Fox & Kilsheimer LLP

NEW YORK - (NewMediaWire) - November 27, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Macy’s, Inc. (“Macy’s” or the “Company”) (NYSE: M).

CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION

If you are a Macy’s investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On November 25, 2024, before the markets opened, Macy’s announced in a press release that an accounting employee “intentionally made erroneous accounting accrual entries to hide approximately $132 to $154 million of cumulative delivery expenses in the fourth quarter of 2021 through fiscal quarter ended November 2, 2024.”  In connection with this announcement, Macy’s said the Company was delaying its release of third quarter 2024 earnings to allow for the completion of its independent investigation.

Following this news, the price of Macy’s stock price fell as much as 5% during intraday trading on November 25, 2024.

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on 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 offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com

 

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.