SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Pier 1 Imports, Inc. (NYSE: PIR) and certain of its officers. Pier 1 Imports is engaged in the retail sale of decorative home furnishings, furniture, gifts and related products.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding Pier 1 Imports’ business and prospects were false and misleading when made.
On February 10, 2015, Pier 1 announced revised financial guidance for the fiscal year ending February 28, 2015. The Company stated that January and February sales would be softer than expected and projected higher than previously forecasted expenses. Pier 1 also announced that CFO Charles Turner had retired and would be replaced immediately by Laura A. Coffey as interim CFO. On this news, shares of Pier 1 fell more than 30%, in early morning trading on February 11, 2015.
If you have information that could assist in this investigation, or if you are a Pier 1 shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.