An investigation was announced for investors in NYSE:RT shares concerning possible breaches of fiduciary duties by certain officers and directors at Ruby Tuesday, Inc.
Investors who purchased shares of Ruby Tuesday, Inc. (NYSE:RT) and currently hold any of those NYSE:RT shares 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 Ruby Tuesday officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Ruby Tuesday, Inc. reported that its Total Revenue declined from over $1.12 billion for th 52 weeks period that ended on June 2, 2015 to over $1.09 billion for the 52 weeks period that ended on May 31, 2016 and that its Net Loss for those time periods increased from $3.19 million to $50.68 million.
Shares of Ruby Tuesday, Inc. (NYSE:RT) declined from $3.53 per share in early 2017 to as low as $1.73 per share on March 9, 2017.
On March 13, 2017, Ruby Tuesday, Inc. (NYSE:RT) announced it will explore strategic alternatives in order to maximize shareholder value and position the business for long-term success. Ruby Tuesday, Inc. said that its Board of Directors will consider all strategic alternatives including, but not limited to a potential sale or merger of the Company, and has retained UBS as its financial advisor to assist in the process.
Shares of Ruby Tuesday, Inc. (NYSE:RT) rose to $2.87 per share on March 29, 2017.
Those who purchased NYSE:RT shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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