An investigation for investors in Rent-A-Center Inc (NASDAQ:RCII) shares over potential securities laws violations by Rent-A-Center was announced and NASDAQ:RCII stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/25/2016 -- An investigation for shareholders in Rent-A-Center Inc over potential securities laws violations by Rent-A-Center and certain of its directors and officers was announced.
Investors who purchased shares of Rent-A-Center Inc (NASDAQ:RCII) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Rent-A-Center Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Rent-A-Center Inc reported that its annual Total Revenue rose from over $3.15 billion in 2014 to over $3.27 billion in 2015 while its Net Income of $96.42 million in 2014 declined to a Net Loss of $866.63 million in 2015. NASDAQ:RCII shares declined from $34.18 per share in late 2014 to as low as $9.76 per share on February 2, 2016.
On February 24, 2016, NASDAQ:RCII shares closed at $12.49 per share.
Those who purchased NASDAQ:RCII shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com