NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of shareholders of Torrid Holdings, Inc. CURVOlaplex Holdings, Inc. OLPXBird Global, Inc. BRDSand Generac Holdings, Inc. GNRC. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

Torrid Holdings, Inc. CURV

Collection Period: As per the Company’s IPO in July 2021

Lead Plaintiff Deadline: January 17, 2023

Torrid is a direct-to-consumer brand of plus size women’s fashion and lingerie. Prior to the IPO, Torrid claimed to be posting rapid revenue growth and an impressive recovery after a temporary downturn given the initial stages of the COVID-19 pandemic that began in March 2020.

However, as alleged in the Complaint, the IPO registration statement gave the misleading impression that Torrid’s impressive growth trajectory then continued and was expected to continue after the IPO. Specifically, the registration statement failed to disclose that the following adverse facts existed at the time of the IPO: (i) Torrid had experienced a temporary surge in demand in the first half of 2021 due to changing consumer behavior, the COVID-19 pandemic and government stimulus and that such short-lived demand trends had resolved and were not internally forecast to continue after the IPO; (ii) Torrid suffered severe supply chain disruptions caused by the emergence of the Delta variant of COVID-19, which first emerged in May 2021; (iii) Torrid ran significantly below historical stocks due to supply chain disruptions; (iv) as a result, Torrid did not have sufficient inventory levels to meet anticipated consumer demand for the third quarter of fiscal 2021; (v) delayed inventory as a result…