The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Eastern District of Texas on behalf of investors who purchased Rent-A-Center, Inc. (NASDAQ: RCII) securities between July 27, 2015 and October 10, 2016.
According to the complaint, throughout the Class Period, Defendants failed to disclose that: (1) Rent-A-Center was unable to effectively install its new point of sale system (“POS”); (2) the POS was not performing as expected, including several system outrages; (3) as a result, the Company’s Acceptance Now credit system could not be installed effectively; (4) the Company was unable to meet revenue and profitability guidance provided to shareholders; and (5) as such, the Company would need to review its prior guidance.
If you suffered a loss in Rent-A-Center you have until February 27, 2017 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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