BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith 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. Law Offices of Howard G. Smith is preparing a lawsuit on behalf of injured investors.
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 is 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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