NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm announces that it is investigating potential securities claims against Pier 1 Imports, Inc. (NYSE:PIR) resulting from allegations that PIR may have issued materially misleading business information to the investing public.
On February 10, 2015, the Pier 1 announced revisions to “financial guidance for the fiscal year ending February 28, 2015.” The Company’s outlook showed lower than expected sales for January and February, as well as higher than expected expenses, primarily as a result of incremental supply chain costs. The Company also announced separately that Senior Executive Vice President and Chief Financial Officer Charles H. Turner had retired. On this news, shares of PIR fell $5.09 or 28.94% during intraday trading on February 11, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by PIR shareholders as a result of this adverse information. If you purchased PIR stock, please visit the website at http://rosenlegal.com/cases-508.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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