The Shareholders Foundation announces that a deadline is coming up on February 21, 2017 in the lawsuit filed for certain investors in NASDAQ:RCII shares over alleged securities laws violations by Rent-A-Center.
Investors who purchased shares of Rent-A-Center Inc (NASDAQ:RCII) have certain options and there are strict and short deadlines running. Deadline: February 21, 2017. NASDAQ:RCII stockholders should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The plaintiff alleges on behalf of purchasers of Rent-A-Center Inc (NASDAQ:RCII) common shares between July 27, 2015, and October 10, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 27, 2015, and October 10, 2016, the Defendants failed to disclose that Rent-A-Center could not properly implement its new point of sale system (“POS”), that, the POS was performing extremely poorly, including several instances where the system suffered complete outages, that as a result, the Company’s Acceptance Now credit system could not be implemented properly, that the Company could not meet revenue and profitability guidance provided to investors, that, as such, the Company would need to revise its prior guidance, and that, as a result of the foregoing, Defendants’ statements about Rent-A-Center’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On February 13, 2017, NASDAQ:RCII shares closed at $8.45 per share.
Those who purchased NASDAQ:RCII shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego