An investigation for investors in Christopher & Banks Corporation (NYSE:CBK) shares over potential securities laws violations by Christopher & Banks was announced and NYSE:CBK stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 12/10/2014 --An investigation on behalf of investors of Christopher & Banks Corporation (NYSE:CBK) shares over potential securities laws violations by Christopher & Banks and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Christopher & Banks Corporation (NYSE:CBK) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Christopher & Banks Corporation (NYSE:CBK) concerning whether a series of statements by Christopher & Banks regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On March 13, 2014, Christopher & Banks Corporation announced its results for the 13 and 52 weeks periods ended on February 1, 2014. Christopher & Banks Corporation reported that its Total Revenue rose from $430.30 million for the 53 weeks period that ended on February 2, 2013 to $435.75 million for the 52 weeks period that ended on February 1, 2014 and that its Net Loss of $16.08 million for the 53 weeks period that ended on February 2, 2013 turned into a Net Income of $8.69 million for the 52 weeks period that ended on February 1, 2014.

On June 10, 2014, Christopher & Banks Corporation reported its results for the 13 weeks period that ended on May 3, 2014. Christopher & Banks Corporation reported that while its Revenue declined from $108.52 million for the 13 weeks period that ended on May 4, 2013 to $103.37 million for the 13 weeks period that ended on May 3, 2014, that its respective Net Income increased from $0.629 million to $2.61 million.

On September 3, 2014, Christopher & Banks Corporation reported its results for the 13 weeks period that ended on August 2, 2014. Christopher & Banks Corporation reported that its Revenue rose from $104.23 million for the 13 weeks period that ended on August 3, 2013 to $106.63 million for the 13 weeks period that ended on August 2, 2014 and that its Net Loss of $0.265 million for the 13 weeks period that ended on August 3, 2013 turned into a Net Income of $3.36 milion for the 13 weeks period that ended on August 2, 2014. Among other things, Christopher & Banks Corporation also provided an outlook for the 2014 third quarter and fiscal year.

Shares of Christopher & Banks Corporation (NYSE:CBK) grew from $5.83 per share in late March 2014 to as high as $11.22 per share on September 8, 2014.

Then 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.

Shares of Christopher & Banks Corporation (NYSE:CBK) declined from over $11 per share in early September 2014 to $6.22 per share in mid-October 2014 and $4.28 per share on December 8, 2014.

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