LOS ANGELES, CA / ACCESSWIRE / February 22, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Rent-A-Center, Inc. ("Rent-A-Center" or the "Company") (RCII). Investors, who purchased or otherwise acquired Rent-A-Center shares between July 27, 2015 and October 10, 2016 inclusive (the "Class Period"), are encouraged to contact the firm in advance of the February 27, 2017 lead plaintiff deadline.
To participate in this class action lawsuit, call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at email@example.com.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint alleges that during the Class Period, the Company made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. In particular, the Company failed to disclose: that Rent-A-Center could not effectively implement its new point of sale system ("POS"); that the POS was failing to meet expectations, including several system outrages; that as a result, the Company's Acceptance Now credit system could not be implemented effectively; that the Company could not meet revenue and profitability guidance provided to shareholders; that, as such, the Company would need to review its prior guidance; and that, as a result of the above, the Company's statements about Rent-A-Center's business, operations, and prospects were false and misleading and/or lacked a reasonable basis. When this information was revealed to the public, the value of Rent-A-Center stock dropped, causing investors serious harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC