LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (Nasdaq: RCII). Investors who purchased or otherwise acquired Rent-A-Center shares between July 27, 2015 and October 10, 2016 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the February 27th lead plaintiff deadline.
If you are a shareholder who suffered a loss during the Class Period, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, during the Class Period, the Company made 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 disclose: that Rent-A-Center was unable to effectively install its new point of sale system (“POS”); that, the POS was not performing as expected, including several system outrages; that as a result, the Company’s Acceptance Now credit system could not be installed effectively; that the Company was unable to meet revenue and profitability guidance provided to shareholders; that, as such, the Company would need to review its prior guidance; and that, as a result of 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.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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