SAN DIEGO, April 01, 2022 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating why Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV) stock is dropping, and whether it’s executive officers or others violated federal securities laws by misrepresenting or failing to timely disclose material, adverse information to investors.
What actions may I take at this time? If you purchased Torrid securities and suffered significant losses on your investment, contact Johnson Fistel, LLP to submit your losses:
Contact Lead Securities Analyst Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
Click or paste the following web address into your browser to join the investigation:
https://www.cognitoforms.com/JohnsonFistel/TorridHoldingsInc3
For more information, visit our website at https://www.johnsonfistel.com/faq
There is no cost or obligation to you.
What if I have information relevant to the investigation? Individuals with nonpublic information regarding Torrid should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
What is Johnson Fistel investigating? On December 8, 2021, Torrid announced its financial results for the quarter ended October 30, 2021. The Company also announced the retirement of its Chief Financial Offer, George Wehlitz, and that the "Board of Directors initiated a share repurchase authorization under which the Company may purchase up to $100 million of its outstanding common stock." Following this news, Torrid shares plummeted.
Disclaimer: At this time, Johnson Fistel has not concluded whether any violations of law may have occurred or whether investors have valid legal claims for recovery of their losses.
About Johnson Fistel, LLP. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in securities class action and derivative lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
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Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Investor Relations
Telephone: (619) 814-4471
Email: jimb@johnsonfistel.com
