The Children’s Place, Inc.

Registration Deadline:

04/29/2024

Submit Your Information

A securities class action has been filed in the USDC — N.J. against The Children’s Place, Inc. (PLCE) (“Children’s Place” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired Children’s Place securities between March 16, 2023 and February 8, 2024, both dates inclusive (the “Class Period”).

 

The Children’s Place is a specialty portfolio of children’s brands. The Company designs, contracts to manufacture, and sells apparel, accessories and footwear, primarily under its proprietary brands: “The Children’s Place,” “Gymboree,” “Sugar & Jade,” and “PJ Place.” The Company’s retail and wholesale network includes four digital storefronts, more than five hundred stores in North America, wholesale marketplaces and distribution in sixteen countries through six international franchise partners.

 

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

 

(1) that the Company was engaged in aggressive promotions; (

2) that, as a result, the Company’s inventory values were overstated;

(3) that the foregoing was reasonably likely to have an adverse impact on fiscal 2023 financial results; and

(4) that, 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, thereby harming investors.

 

 

If you purchased Children’s Place securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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