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Investigation announced for Investors in The Children's Place, Inc. (NASDAQ: PLCE) shares over possible Violations of Securities Laws

02-22-2024 07:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in The Children's Place, Inc. (NASDAQ: PLCE) shares over potential securities laws violations.

An investigation for investors in The Children's Place, Inc. (NASDAQ: PLCE) shares over potential securities laws violations.

An investigation on behalf of investors of The Children's Place, Inc. (NASDAQ: PLCE) shares over potential securities laws violations by The Children's Place, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of The Children's Place, Inc. (NASDAQ: PLCE), 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 possible claims on behalf of purchasers of the securities of The Children's Place, Inc. (NASDAQ: PLCE) concerning whether a series of statements by The Children's Place, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Secaucus, NJ based The Children's Place, Inc. operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The Children's Place, Inc. reported that its Total Revenue declined from $1.91 billion for the 12 months period that ended on January 31, 2022, to over $1.7 billion for the 12 months period that ended on January 31, 2023, and that its Net Income of $187.17 million for the 12 months period that ended on January 31, 2022 turned to a Net Loss of $1.13 million for the 12 months period that ended on January 31, 2023

On February 9, 2024, a report was published that the apparel retailer hired an adviser to evaluate ways to boost its cash reserves and find new financing.

Shares of The Children's Place, Inc. (NASDAQ: PLCE) declined from $24.97 per share on January 25, 2024, to $8.30 per share on February 09, 2024.

Those who purchased shares of The Children's Place, Inc. (NASDAQ: PLCE) 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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