An investigation on behalf of investors in Christopher & Banks Corporation (NYSE:CBK) shares over potential wrongdoing at Christopher & Banks was announced and NYSE:CBK stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/01/2015 -- An investigation for shareholders in shares of Christopher & Banks Corporation (NYSE:CBK) was announced over potential breaches of fiduciary duties by certain directors at Christopher & Banks Corporation.
Investors who purchased shares of Christopher & Banks Corporation (NYSE:CBK) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Christopher & Banks officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On October 7, 2014, Christopher & Banks Corporation announced an updated outlook for the fiscal 2014 third quarter. On December 4, 2014, Christopher & Banks Corporation reported its results for the 13 weeks period that ended on November 1, 2014. Christopher & Banks Corporation reported that its Revenue declined from $118.08 million for the 13 weeks period that ended on Nov. 2, 2013 to 110.61 million for the 13 weeks period that ended on Nov. 1, 2014 and that its respective Net Income increased from $8.61 million to $8.98 million.
On August 13, 2015, Christopher & Banks Corporation released its preliminary results for the second quarter. Christopher & Banks Corporation revealed that it currently expects to report net sales of approximately $94 million, which is below its previous guidance of between $100 million and $103 million. Consequently, Christopher & Banks Corporation no longer expects to meet its prior full year guidance.
Shares of Christopher & Banks Corporation (NYSE:CBK) declined to as low as $1.47 per share on August 14, 2015, respectively as low as $1.11 per share on September 30, 2015.
Those who purchased shares of Christopher & Banks Corporation 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