The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of Texas on behalf of investors who purchased Conn's, Inc. (NASDAQ: CONN) securities between September 3, 2019 and December 9, 2019.
According to the Conn's lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Conn’s was experiencing an increase in first payment defaults and 60-plus day delinquencies; (2) as a result, Conn’s was reasonably likely to record an increase to its provision for bad debts; (3) the Company made certain underwriting adjustments, including tightening its standards for new customers and online applicants; (4) as a result, the Company’s same-store sales would be adversely impacted; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in Conn's you have until July 14, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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