LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the June 28, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Ruby Tuesday, Inc. (“Ruby Tuesday” or the “Company”) (NYSE: RT) securities between July 24, 2015 and April 7, 2016, inclusive (the “Class Period”). Ruby Tuesday investors have until June 28, 2016 to file a lead plaintiff motion.
According to the lawsuit, defendants throughout the Class Period issued false and misleading statements to investors and/or failed to disclose that: (1) Ruby Tuesday’s fiscal year 2016 guidance was unobtainable and unrealistic; (2) promotional activity by its peers was adversely impacting Ruby Tuesday’s performance; (3) the continuing decline in casual dining customers and traffic adversely impacted Ruby Tuesday’s performance; and (4) as a result of the foregoing, defendants’ statements about Ruby Tuesday’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that Ruby Tuesday shares declined in value and investors suffered damages.
If you purchased Ruby Tuesday shares, you may move the Court no later than June 28, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you 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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