NEW YORK, 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.
On July 25, 2012, the Company reported a net loss of $21 million for its second quarter earnings and suspended its dividends. As a result of this announcement, RadioShack shares fell almost 35% to close at $2.60 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. Take Action If you purchased RadioShack securities between July 26, 2011 and July 24, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/RSH. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. 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 ( www.faruqilaw.com). 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 10017Attn: Richard Gonnello, Esq. firstname.lastname@example.org Francis McConville, Esq. email@example.com Telephone: (877) 247-4292 or (212) 983-9330 SOURCE Faruqi & Faruqi, LLP