An investigation was announced for investors in NASDAQ:RCII shares concerning potential breaches of fiduciary duties by certain Rent-A-Center directors.
Investors who purchased shares of Rent-A-Center Inc (NASDAQ:RCII) s have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Rent-A-Center directors breached their fiduciary duties and caused damage to the company and its shareholders.
On July 28, 2016, Rent-A-Center Inc announced that issues with its new Point-of-Sale (“POS”) system were fixed and alleviated.
On October 11, 2016, Rent-A-Center Inc announced it was experiencing issues with the POS system which would have a negative effect on its sales. When this news was announced, shares of Rent-A-Center fell in value. Shares of Rent-A-Center Inc (NASDAQ:RCII) declined from $34.18 per share in late 2014 to as low as $8.70 per share on October 14, 2016.
Those who purchased NASDAQ:RCII shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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