Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In RadioShack Corporation To Contact the Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at RadioShack Corporation (“RadioShack” or the “Company”) (NYSE: RSH).
The investigation focuses on whether RadioShack and its executives issued materially false and misleading statements regarding the Company’s business and financial condition. RadioShack executives claimed that they were successfully executing a strategic shift whereby RadioShack was transitioning from a seller of consumer electronics to a reseller of wireless products. Company executives repeatedly emphasized returning value to shareholders by funding RadioShack’s stock repurchase program and investor dividends.
On July 25, 2012, the Company reported a net loss of $21 million for its second quarter earnings and suspended its dividends. As a result of this announcement, RadioShack shares fell almost 35% to close at $2.60 per share on July 25, 2012.
If you purchased RadioShack securities between July 26, 2011 and July 24, 2012 and would like to discuss your legal rights, contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding RadioShack’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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.