The Shareholders Foundation announces that an investigation on behalf of investors of Pier 1 Imports Inc (NYSE:PIR) shares was launched over potential securities laws violations by Pier 1 Imports Inc and certain of its directors and officers.
Investors who purchased shares of Pier 1 Imports Inc (NYSE:PIR) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Pier 1 Imports Inc (NYSE:PIR) concerning whether a series of statements by Pier 1 Imports regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 10, 2015, Pier 1 Imports Inc announced that it revised its financial guidance for the fiscal year ending February 28, 2015. Pier 1 Imports Inc said that its outlook reflects softer than expected sales in January and February, as well as higher than forecast expenses, primarily related to incremental supply chain costs. In a separate announcement on February 10, 2015, Pier 1 Imports Inc also announced that its Senior Executive Vice President and Chief Financial Officer Charles H. Turner has retired and Laura A. Coffey, a 17-year veteran of Pier 1 Imports, has been named Executive Vice President – Interim Chief Financial Officer, effective immediately.
Shares of Pier 1 Imports Inc (NYSE:PIR) declined from $17.10 per share on February 10, 2015 to as low as $11.38 per share on February 11, 2014.
On February 23, 2015, NYSE:PIR shares closed at $11.87 per share.
Those who purchased shares of Pier 1 Imports Inc (NYSE:PIR) have certain options and should contact the Shareholders Foundation.
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