NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Eastern District of Texas on behalf of investors who purchased Rent-A-Center, Inc. (NASDAQ: RCII) securities between July 27, 2015 and October 10, 2016.
Click here to learn about the case: http://www.wongesq.com/pslra/rent-a-center-inc-rcii. There is no cost or obligation to you.
According to the complaint, throughout the Class Period, Defendants failed to disclose that: (1) Rent-A-Center was unable to effectively install its new point of sale system (“POS”); (2) the POS was not performing as expected, including several system outrages; (3) as a result, the Company’s Acceptance Now credit system could not be installed effectively; (4) the Company was unable to meet revenue and profitability guidance provided to shareholders; and (5) as such, the Company would need to review its prior guidance.
If you suffered a loss in Rent-A-Center you have until February 27, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/rent-a-center-inc-rcii.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.