LOS ANGELES, CA / ACCESSWIRE / November 23, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Torrid Holdings Inc. ("Torrid" or "the Company") (NYSE:CURV) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted in July 2021 (the "IPO") are encouraged to contact the firm before January 16, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Torrid enjoyed a temporary surge in demand in the first half of 2021 that was not projected to continue past the IPO period by the Company's management. The Company suffered from supply chain breakdowns which caused inventory levels to fall below historical norms. Delays in the supply chain damaged the Company's ability to meet consumer trends. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Torrid, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm