Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Rent-A-Center, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (NasdaqGS: RCII).
The investigation focuses on whether the Company and its executives violated federal securities laws by misrepresenting the ability of the Company to resolve previously reported issues with its new Point-of-Sale (“POS”) system.
On July 28, 2016, Rent-A-Center management noted that POS system issues were fixed and issues on implementing the POS system had been alleviated. However, on October 11, 2016, the Company reversed its previous statements by indicating that the POS system continues to experience issues, which will negatively impact sales. As a result, the value of Rent-A-Center stock has significantly declined.
If you invested in Rent-A-Center stock or options and would like to discuss your legal rights, please fill out the form below. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Rent-A-Center’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.
* The submission of this form does not create an attorney-client relationship.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.