Aug. 10, 2012
/PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at RadioShack Corporation ("RadioShack" or the "Company") (NYSE: RSH).
The investigation focuses on whether RadioShack and its executives issued materially false and misleading statements regarding the Company's business and financial condition. RadioShack executives claimed that they were successfully executing a strategic shift whereby RadioShack was transitioning from a seller of consumer electronics to a reseller of wireless products. Company executives repeatedly emphasized returning value to shareholders by funding RadioShack's stock repurchase program and investor dividends.
July 25, 2012
, the Company reported a net loss of
for its second quarter earnings and suspended its dividends. As a result of this announcement, RadioShack shares fell almost 35% to close at
per share on
July 25, 2012
Request more information now by clicking here: www.faruqilaw.com/RSH. There is no cost or obligation to you.
If you purchased RadioShack securities between
July 26, 2011
July 24, 2012
and would like to discuss your legal rights, visit
. You can also contact us by calling
toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
. Faruqi & Faruqi, LLP also encourages anyone with information regarding RadioShack's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (
). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.FARUQI & FARUQI, LLP369 Lexington Avenue, 10th Floor
New York, NY
Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP