ZIM Integrated Shipping Services Ltd
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Industrials : Marine Transportation | Mid Cap Value
Based in Israel
Company profile

Zim Integrated Shipping Services Ltd is an Israel-based company. It operates as fleet and a network of shipping lines offering cargo transportation services on all major global trade routes, it also offers multi-modal, cargo handling, tariff management, schedule information, and other related services supported by the company's local offices and representatives around the world.

Closing Price
$23.16
Day's Change
-1.22 (-5.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
24.20
Day's Low
22.96
Volume
(Light)
Volume:
3,795,717

10-day average volume:
6,814,559
3,795,717

DEADLINE ALERT: Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of January 17, 2023 in Torrid Lawsuit - CURV

4:14 pm ET January 12, 2023 (Newsfile) Print

New York, New York--(Newsfile Corp. - January 12, 2023) - Levi & Korsinsky, LLP notifies investors in Torrid Holdings Inc. ("Torrid" or the "Company") (NYSE: CURV) of a class action securities lawsuit.

The lawsuit on behalf of Torrid investors has been commenced in the the United States District Court for the Central District of California. This lawsuit is on behalf of all persons who purchased Torrid common stock in or traceable to the Company's July 2021 initial public offering. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/torrid-holdings-class-action-submission-form?prid=35586&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

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https://www.youtube.com/watch?v=EangJ-USVZE

Torrid Holdings Inc. NEWS - CURV NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) in the first half of 2021, Torrid had experienced a temporary surge in demand as a result of changed consumer behaviors in response to the COVID-19 pandemic and government stimulus and that such ephemeral demand trends had dissipated and were not internally projected to continue following the initial public offering ("IPO"); (ii) Torrid was suffering from severe supply chain disruptions caused by the emergence of the Delta variant of COVID-19, which had first emerged in May 2021; (iii) Torrid was running materially below historical inventory levels as a result of supply chain disruptions; (iv) as a result, Torrid did not have sufficient inventory to meet expected consumer demand for its fiscal third quarter of 2021; (v) as a result, late inventory arrival had materially impaired the Company from effectively matching consumer buying trends, creating an undisclosed risk of increased markdowns and promotional activities necessary to sell undesirable inventory; (vi) Torrid's Chief Financial Office planned to retire shortly after the IPO; and (vii) as a result of the above, representations made in the Company's registration statement regarding Torrid's historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, financial results, and trajectory of the Company at the time of the IPO, and were materially false and misleading and lacked a reasonable factual basis.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Torrid during the relevant timeframe, you have until January 17, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/torrid-holdings-class-action-submission-form?prid=35586&wire=5 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151195

comtex tracking

COMTEX_422561545/2523/2023-01-12T16:14:00

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