Ground Report

An investigation was announced for investors in NASDAQ:CHKE shares over potential securities laws violations by Cherokee Inc.

Investors who purchased shares of Cherokee Inc (NASDAQ:CHKE), 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 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.

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 $7.40 per share in March 2017.

Those who purchased NASDAQ:CHKE shares 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