IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (Nasdaq: RCII) concerning possible violations of federal securities laws.
If you purchased shares of Rent-A-Center and want more information free of charge, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
According to the Complaint, during the Class Period, the Company issued 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 reveal: that it was unable to install its new point of sale system (“POS”); that, the POS was not performing as intended and experienced system outrages; that because of this, the Company’s Acceptance Now credit system was not installed properly; that the Company was unable to meet revenue and profit guidance given to investors; that, as such, the Company needs to review its prior guidance; and that, due to 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 fell, causing investors harm.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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