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
TheStreet Open House

Goldman Scarlato Karon & Penny, P.C. Announces Investigation Of Conn’s, Inc.

Goldman Scarlato Karon & Penny, P.C. is investigating potential claims on behalf of investors who purchased Conn’s, Inc. (“Conn’s or the "Company") (NASDAQ: CONN) stock between April 3, 2013 and February 19, 2014, inclusive (the “Class Period”).

The investigation concerns whether Conn’s and certain of its officers and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 in connection with statements regarding the Company’s financial performance and prospects.

Specifically, the Firm is investigating Conn’s underwriting and collection practices, the risk of bad debt that might have resulted there from, and whether the Company failed to disclose those practices to investors. The Firm is also investigating whether Conn’s failed to disclose rising customer delinquencies and charge-off rates in its credit segment.

On February 20, 2014, Conn’s reported disappointing quarterly results and lowered its earnings guidance, attributing the decline to a rise in customer delinquencies and charge-offs. On this news, Conn’s stock price declined 42.85 percent—erasing more than $860 million of its market value.

What You May Do

If you have information that would assist the Firm in its investigation or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail us at  scarlato@gskplaw.com or call us at (484) 580-8740. The Firm also encourages anyone with information regarding Conn’s alleged conduct during the period in question to contact the Firm, including former employees, shareholders, and others.

About Goldman Scarlato Karon & Penny, P.C.

The Firm prosecutes securities fraud, consumer fraud, price-fixing, employment class actions, and shareholder-derivative actions throughout the U.S. The Firm’s lawyers have recovered hundreds of millions of dollars on behalf of consumers, investors, and businesses.

To learn more about the Firm, please visit our website,  www.gskplaw.com.

Copyright Business Wire 2010

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs