LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of investors of Ruby Tuesday, Inc. (“Ruby Tuesday” or the “Company”) (NYSE: RT) concerning the Company and its officers’ possible violations of federal securities laws.
Specifically, the investigation concerns Ruby Tuesday’s poor financial results for the fiscal 2016 third quarter. After reporting a loss of $3.1 million for the quarter, CEO James Buettgen said in a statement “our third quarter was a volatile period affected by weather, softness in the casual dining industry and increased promotional activity by our peers”. Additionally, the Company announced that CFO Jill Golder leaving the Company effective April 11, 2016.
On this news, Ruby Tuesday shares have plummeted as much as 16% in after-hours trading on April 7, 2016.
If you purchased Ruby Tuesday securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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