This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Shuman Law Firm Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Ignite Restaurant Group, Inc.

The Shuman Law Firm announces that all purchasers of the common stock of Ignite Restaurant Group, Inc. (“Ignite” or the “Company”) (Nasdaq: IRG) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company’s May 10, 2012 initial public offering (the “IPO”), have until September 18, 2012 to file a motion with the Court to be appointed as Lead Plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Southern District of Texas.

Ignite, together with its subsidiaries, owns and operates restaurants under the Joe’s Crab Shack and the Brick House Tavern+Tap brands. The Complaint alleges that the Registration Statement and Prospectus issued in connection with the Company’s IPO contained material errors, dating back to the Company’s inception, relating to the Company’s accounting treatment of leases.

On July 18, 2012 Ignite announced that following an internal assessment of its lease accounting policies, the Company has determined that it is necessary to correct non-cash related errors related to its accounting treatment of certain leases. On July 19, 2012, following the Company’s announcement, shares of Ignite declined more than 20%, on unusually heavy volume.

If you purchased Ignite common stock pursuant or traceable to the Company’s May 10, 2012 initial public offering, you may move the Court, no later than September 18, 2012 to serve as Lead Plaintiff; however, you must meet certain legal requirements. A Lead Plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.

If you wish to discuss this action or have any questions concerning your legal rights and interests with respect to this matter, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.

The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,094.42 +56.45 0.31%
S&P 500 2,111.67 +2.75 0.13%
NASDAQ 5,053.6140 -6.6320 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs