The Law Offices of Frank R. Cruz Announces Investigation of The Children's Place, Inc. (PLCE) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of The Children's Place, Inc. (PLCE) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Children's Place, Inc. (“The Children's Place” or the “Company”) (NASDAQ: PLCE) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On February 9, 2024, The Children’s Place announced preliminary fourth quarter 2023 financial results that fell short of the Company’s previously issued guidance. The Company also disclosed that it was working with advisors to obtain new financing.
On this news, The Children’s Place’s stock price fell $7.24, or 36.7%, to close at $12.51 per share on February 9, 2024, thereby injuring investors.
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If you purchased The Children's Place securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
