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Investigation announced for Torrid Holdings Inc. (NYSE: CURV) shares over possible Violations of Securities Laws

04-07-2022 02:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Torrid Holdings Inc. (NYSE: CURV) shares over potential securities laws violations.

An investigation for investors in Torrid Holdings Inc. (NYSE: CURV) shares over potential securities laws violations.

An investigation was announced for investors in shares of Torrid Holdings Inc. (NYSE: CURV) over potential securities laws violations.

Investors who purchased shares of Torrid Holdings Inc. (NYSE: CURV), 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 focuses on whether a series of statements by Torrid Holdings Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

City of Industry, CA based Torrid Holdings Inc. operates in women's plus-size apparel and intimates market in North America. Torrid Holdings Inc. reported that its Total Revenue rose from $973.51 million for the 12 months period that ended on January 31, 2021 to over $1.27 billion for the 12 months period that ended on January 31, 2022, and that its Net Income of $24.53 million for the 12 months period that ended on January 31, 2021, turned into a Net Loss of $29.94 million for the 12 months period that ended on January 31, 2022.

On December 8, 2021, Torrid Holdings Inc. announced its financial results for the quarter ended October 30, 2021. Torrid Holdings Inc. also announced the retirement of its Chief Financial Offer, George Wehlitz, and that the "Board of Directors initiated a share repurchase authorization under which the Company may purchase up to $100 million of its outstanding common stock." Following this news, Torrid shares plummeted.

Shares of Torrid Holdings Inc. (NYSE: CURV) declined from $20.95 per share on November 9, 2021, to as low as $5.77 per share on April 1, 2022.

Those who purchased shares of Torrid Holdings Inc. (NYSE: CURV) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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