Levi & Korsinsky Notifies The Children's Place, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - PLCE

PRNewswire 3-Apr-2024 5:45 AM

NEW YORK, April 3, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in The Children's Place, Inc. ("The Children's Place" or the "Company") (NASDAQ:PLCE) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of The Children's Place investors who were adversely affected by alleged securities fraud between March 16, 2023 and February 8, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/the-childrens-place-lawsuit-submission-form?prid=73846&wire=4

PLCE investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company was engaged in aggressive promotions; (2) as a result, the Company's inventory values were overstated; (3) the foregoing was reasonably likely to have an adverse impact on fiscal 2023 financial results; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT'S NEXT? If you suffered a loss in The Children's Place during the relevant time frame, you have until April 29, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/levi--korsinsky-notifies-the-childrens-place-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline--plce-302106598.html

SOURCE Levi & Korsinsky, LLP