Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Conn’s, Inc. (NASDAQ GS: CONN )?
- Did you purchase your shares before April 3, 2013, or between April 3, 2013 and February 19, 2014, inclusive?
- Did you lose money in your investment in Conn’s, Inc.?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Southern District of Texas on behalf of all persons or entities that purchased the common stock of Conn’s, Inc. (“Conn’s” or the “Company”) (NASDAQ GS: CONN) between April 3, 2013 and February 19, 2014, inclusive (the “Class Period”), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).
If you purchased shares of Conn’s during the Class Period, or purchased shares prior to the Class Period and still hold Conn’s, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to firstname.lastname@example.org; or at: http://www.rigrodskylong.com/investigations/conns-inc-conn.
Conn’s is a leading specialty retailer that offers a broad selection of high-quality, branded durable consumer goods and related services in addition to a proprietary credit solution for its core credit constrained consumers. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. Specifically, the Complaint alleges that the defendants concealed from the investing public that: (i) Conn’s was growing its business and financial results by utilizing underwriting and collections practices that, despite Defendants’ statements to the contrary, weakened its portfolio quality and left it susceptible to substantial increases in bad debt; (ii) Conn’s faced increased delinquency and charge off rates in its credit segment; (iii) at all relevant times, Conn’s financial performance was substantially and materially threatened due to the Company’s practice in its credit segment; and (iv) as a result of the foregoing, Defendants’ statements regarding the Company’s financial performance and expected earnings in 2014 and 2015 were materially false and misleading and lacked a reasonable basis when made. As a result of defendants’ false and misleading statements, the Company’s stock traded at artificially inflated prices during the Class Period.