San Diego, CA -- (SBWire) -- 06/06/2017 --An investigation was announced on behalf of investors in NASDAQ:CHKE shares concerning possible securities laws violations by Cherokee Inc and certain of its directors and officers.
Investors who purchased shares of Cherokee Inc (NASDAQ:CHKE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cherokee Inc (NASDAQ:CHKE) concerning whether a series of statements by Cherokee Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Sherman Oaks, CA based Cherokee Inc. is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents, licensing the Cherokee, Liz Lange, Completely Me by Liz Lange, Hawk, Tony Hawk, Sideout, Carole Little, Everyday California , Flip Flop Shops and ale by alessandra brands and related brands in various consumer product categories and sectors. Cherokee Inc reported that its Total Revenue rose from $34.65 million for the 52 weeks period that ended on January 3, 2016 to $40.62 million for the 52 weeks period that ended on January 28, 2017 and that its Net Income of $8.43 million for the 52 weeks period that ended on January 3, 2016 declined to a Net Loss of $7.93 million for the 52 weeks period that ended on January 28, 2017. Shares of Cherokee Inc (NASDAQ:CHKE) declined from $28.67 per share in July 2015 to as low as $7.20 per share on June 5, 2017.
Those who purchased shares of Cherokee Inc (NASDAQ:CHKE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Investor Investigation over Potential Securities Laws Violations by Cherokee Inc (CHKE)
An investigation for investors in Cherokee Inc (NASDAQ:CHKE) shares over potential securities laws violations by Cherokee Inc was announced and NASDAQ:CHKE stockholders should contact the Shareholders Foundation.