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Lawsuit filed for Investors who lost money with shares of The Children's Place, Inc. (NASDAQ: PLCE)

03-01-2024 06:47 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in The Children's Place, Inc. (NASDAQ: PLCE) shares.

A lawsuit was filed on behalf of investors in The Children's Place, Inc. (NASDAQ: PLCE) shares.

An investor, who purchased shares of The Children's Place, Inc. (NASDAQ: PLCE), filed a lawsuit over alleged violations of Federal Securities Laws by The Children's Place, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of The Children's Place, Inc. (NASDAQ: PLCE) have certain options and for certain investors are short and strict deadlines running. Deadline: April 29, 2024. NASDAQ: PLCE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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.

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.

The plaintiff claims that between March 16, 2023 and February 8, 2024, the According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that The Children's Place was engaged in aggressive promotions, that as a result, The Children's Place's inventory values were overstated, that the foregoing was reasonably likely to have an adverse impact on fiscal 2023 financial results, and that as a result of the foregoing, defendants' positive statements about The Children's Place's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

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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