SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Ruby Tuesday, Inc. To Contact The Firm Before Lead Plaintiff Deadline -- RT

NEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ruby Tuesday, Inc. ("Ruby Tuesday" or the "Company") RT of the June 28, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Ruby Tuesday securities between July 24, 2015 and April 7, 2016 (the "Class Period").  The case, Jacob et al v. Ruby Tuesday, Inc. et al, No. 1:16-cv-03214 was filed on April 29, 2016, and has been assigned to Judge Ronnie Abrams.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making statements that were false and/or misleading and/or failed to disclose that: (1) the fiscal year 2016 guidance was unrealistic; (2) promotional activity by competitors 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, statements about Ruby Tuesday's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Specifically, on April 7, 2016, after market close, the Company issued its fiscal third quarter 2016 financial results, which fell below expectations. As a result, the Company revised its guidance for fiscal 2016.

After the announcement, Ruby Tuesday's share price fell from $5.22 per share on April 7, 2016 to a closing price of $4.60 on April 8, 2016—a $0.62 or a 11.88% drop.

Request more information now by clicking here: www.faruqilaw.com/RT. There is no cost or obligation to you.

Take Action

If you invested in Ruby Tuesday stock or options between July 24, 2015 and April 7, 2016 and would like to discuss your legal rights, visit www.faruqilaw.com/RT. 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 rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Ruby Tuesday's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class that is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.