NEW YORK, Jan. 23, 2017 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (NASDAQ:RCII) between July 27, 2015 and October 10, 2016. You are hereby notified that a securities class action has commenced in the USDC for the Eastern District of Texas. To get more information go to:
http://www.zlk.com/pslra/rent-a-center-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.