An investigation was announced for investors in NASDAQ:RCII shares concerning potential breaches of fiduciary duties by certain Rent-A-Center Inc directors.
Investors who are current long term investors in Rent-A-Center Inc (NASDAQ:RCII) shares, 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 for term investors in NASDAQ:RCII stocks follows a lawsuit filed recently against Rent-A-Center Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ:RCII stocks, concerns whether certain Rent-A-Center directors are liable in connection with the allegations made in that lawsuit. The plaintiff alleges that 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 April 17, 2017, NASDAQ:RCII shares closed at $10.64 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