A New Jersey-based retail clothing chain appears to have gotten caught up in the sweeping national SEC investigation into improperly backdated stock options. The Children’s Place announced last week that the SEC was looking into the way the company handles its stock option grants. Susan LaBarr, the company’s investor relations manager, said the results of an investigation by its outside counsel, Stroock & Stroock & Lavan, indicate that previously issued financial reports will likely have to be restated.
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Posted on Thursday, October 12th, 2006. Filed under: Business Law, Law Misc
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