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PVH.US
id: 223
On August 30, PVH Corp. released Q2 2022 financials and surprised the market by cutting full-year projections.
At the same time, the Company announced that Trish Donnelly, Chief Executive Officer, PVH Americas & Calvin Klein Global, will be leaving PVH to pursue other opportunities.
The coincidence of these two events may indicate that there was mismanagement, which could adversely affect the financial results of the Company.
On this news, PVH declined more than 10% and lost $440 million of its capitalization, seriously damaging investors.
Case Status
Attorney Investigation
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08/30/2022