Press release
Investigation announced for Long-Term Investors who lost money with The Children's Place, Inc. (NASDAQ: PLCE) shares
An investigation on behalf of current long term investors in The Children's Place, Inc. (NASDAQ: PLCE) shares.
Investors who are current long term investors in The Children's Place, Inc. (NASDAQ: PLCE) shares, 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 for current long term investors in NASDAQ: PLCE stocks follows a lawsuit filed against The Children's Place, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PLCE stocks, concerns whether certain The Children's Place, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges that, 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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