Recent Security Class Actions

Children’s Place Inc. (The) Common Stock (NASDAQ: PLCE)

Company Name:Children's Place Inc. (The) Common Stock
Stock Symbol:NASDAQ: PLCE
Class Period Start:03/16/2023
Class Period End (inclusive):02/08/2024
Filing Deadline:04/29/2024

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, the Complaint alleges 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.