SAN DIEGO, June 16, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on July 7, 2014 to get actively involved in the lawsuit filed for certain investors in shares of Ruby Tuesday, Inc. (RT) over alleged Securities Laws Violations by Ruby Tuesday, Inc.
If you purchased shares Ruby Tuesday, Inc. (RT), you have certain options and for certain investors are short and strict deadlines running. Deadline: July 7, 2014. Ruby Tuesday investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that that between April 11, 2013 and October 9, 2013 Ruby Tuesday issued allegedly materially false and misleading statements regarding its financial performance and future prospects and failed to disclose the following adverse facts that changes made to the menu at Ruby Tuesday, Inc.'s flagship Ruby Tuesday chain to increase the range of offerings and price points were negatively impacting sales, as the average sales check price was declining without contemporaneous increases in traffic, that contrary to the reported progress being made in a turnaround effort, same-store sales were continuing to decline exponentially at the Company's flagship Ruby Tuesday chain, that the Company had experienced a dramatic decline in sales at its Lime Fresh Grill restaurants, and as a result, the carrying value of that chain's goodwill, trademark and properties and equipment was materially impaired, that the Company's expenses and losses were being materially understated, that the value of the Company's deferred tax assets were overstated, and that based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company's business between April 11, 2013 and October 9, 2013.
Those who purchased shares of Ruby Tuesday, Inc. have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.