LOS ANGELES--(EON: Enhanced Online News)--Lundin Law PC, a shareholder rights firm announces a class action lawsuit against Rent-A-Center, Inc. ("Rent-A-Center" or the "Company") Nasdaq: RCII). Investors, who purchased or otherwise acquired shares between July 27, 2015 and October 10, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the February 21, 2017 lead plaintiff motion 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 firstname.lastname@example.org.
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, Rent-A-Center failed to reveal: that Rent-A-Center could not effectively install its new point of sale system (“POS”); that, the POS was not performing as anticipated and experienced system outrages; that as a result, the Company’s Acceptance Now credit system was not installed effectively; that the Company could not meet revenue and profitability guidance provided to investors; that, as such, the Company would need to review its prior guidance; and that, as a result of the above, the Rent-A-Center’s statements about Rent-A-Center’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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