An investigation for investors in NASDAQ:RCII shares over potential securities laws violations by Rent-A-Center was announced.
Plano, TX based Rent-A-Center, Inc. provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements.
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 possible claims on behalf of purchasers of the securities of Rent-A-Center Inc (NASDAQ:RCII) concerning 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. Shares of Rent-A-Center Inc (NASDAQ:RCII) declined from $34.18 per share in late 2014 to as low as $9.76 per share on February 2, 2016.
On February 12, 2016, NASDAQ:RCII shares closed at $11.45 per share.
Those who purchased shares of Rent-A-Center Inc (NASDAQ:RCII) 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
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