INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against Conn's, Inc.

Loading...
Loading...
LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP reminds investors of Conn's, Inc. (“Conn's” or the “Company”) CONN that all persons or entities who purchased or otherwise acquired Conn's common stock and/or call options, or sold/wrote Conn's put options between April 3, 2013 and February 19, 2014, inclusive (the “Class Period”), have until May 5, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.

Conn's operates specialty retail locations in Texas, Louisiana, Arizona, Oklahoma and New Mexico, offering home appliance, furniture and mattress, consumer electronics and home office products. The Company also provides in-house credit options for its customers in addition to third-party financing programs and third-party rent-to-own payment plans. The Complaint alleges that throughout the Class Period defendants misrepresented or failed to disclose that:

  • The Company was increasing its business and financial results by using underwriting and collections practices that, despite defendants' statements to the contrary, weakened the Company's portfolio quality and left it vulnerable to substantial increases in bad debt.
  • The Company was experiencing rising delinquencies at a substantially different rate than it was representing.
  • The Company's credit segment practices substantially threatened the Company's financial performance.
  • As a result of the above, the Company's statements were materially false and misleading at all relevant times or lacked a reasonable basis.

If you are a member of the Class described above, you may move the Court no later than May 5, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg, 888-773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh, 212-682-5340
shareholders@glancylaw.com
www.glancylaw.com

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...