Law Offices of Howard G. Smith reminds investors that all persons or entities who purchased or otherwise acquired the common stock and/or call options of Conn’s, Inc. (“Conn’s” or the “Company”) (NASDAQ: CONN), or who sold/wrote Conn’s put options, between April 3, 2013 and February 19, 2014, inclusive (the “Class Period”), have until May 5, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
Conn’s operates specialty retail locations in Texas, Louisiana, Arizona, Oklahoma and New Mexico, offering home appliance, furniture and mattress, consumer electronics and home office products. The Company also provides in-house credit options for its customers in addition to third-party financing programs and third-party rent-to-own payment plans. The Complaint alleges that throughout the Class Period defendants misrepresented or failed to disclose that: (1) the Company was increasing its business and financial results by using underwriting and collections practices that weakened the Company’s portfolio quality and left it vulnerable to substantial increases in bad debt; (2) the Company was experiencing rising delinquencies at a substantially different rate than it was representing; (3) the Company’s credit segment practices substantially threatened the Company’s financial performance; and (4) as a result, the Company’s statements were materially false and misleading at all relevant times or lacked a reasonable basis.
If you are a member of the Class described above, you may move the Court no later than May 5, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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