An investor in NYSE:RT shares filed a lawsuit against Ruby Tuesday, Inc. in the U.S. District Court for the Southern District of New York over alleged Securities Laws violations.
Shares of Ruby Tuesday, Inc. (NYSE:RT) declined on May 19, 2016, to as low as $3.80 per share.
Investors who purchased shares of Ruby Tuesday, Inc. (NYSE:RT) have certain options and for certain investors are short and strict deadlines running. Deadline: June 28, 2016. NYSE:RT investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The plaintiff claims that the defendants issued certain allegedly false and misleading statements to investors and/or failed to disclose that Ruby Tuesday’s fiscal year 2016 guidance was unobtainable and unrealistic, that promotional activity by its peers was adversely impacting Ruby Tuesday’s performance, that the continuing decline in casual dining customers and traffic adversely impacted Ruby Tuesday’s performance, and that as a result of the foregoing, defendants’ statements about Ruby Tuesday’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On April 7, 2016, Ruby Tuesday, Inc reported its fiscal third quarter financial results and updated its fiscal year 2016 financial outlook. Additionally, Ruby Tuesday, Inc disclosed that its CFO Jill Golder had resigned effective April 11, 2016.
Those who purchased NYSE:RT shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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