SAN DIEGO, Jan. 18, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in Texas on behalf of certain purchasers of units of Rent-A-Center Inc (NASDAQ:RCII) over alleged Securities Laws Violations by Rent-A-Center Inc.
Investors who purchased shares of Rent-A-Center Inc (NASDAQ:RCII) have certain options and for certain investors there are short and strict deadlines running. Deadline: February 21, 2017. (NASDAQ:RCII) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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.
Those who purchased Rent-A-Center Inc (NASDAQ:RCII) shares should contact the Shareholders Foundation, Inc.
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.