NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP announced today that a class action lawsuit is pending in the United States District Court for the Southern District of Texas on behalf of investors who acquired Conn’s, Inc. (“Conn's” or the “Company”) (NASDAQ:CONN) securities during the period from September 2, 2014 through December 9, 2014 (the “Class Period”). Pursuant to applicable law, investors who wish to be appointed as lead plaintiff for the proposed class have until February 10, 2015 to file an application with the court.
The lawsuit charges that on December 9, 2014, the Company announced an increase in the Company’s provision for bad debts. The Company also acknowledged that its forecasting of the Company’s credit operations have not been acceptably accurate. Further, the Company withdrew its earnings guidance for fiscal 2015 and announced the abrupt resignation of Brian E. Taylor, the Company’s CFO.
If you acquired Conn's securities during this period and you are interested in learning more about this matter and any rights you might have with respect to these claims, contact Wilona Karnadi at securitiescases@kmllp.com by telephone at (212) 371-6600, or by filling out this form. Please bear in mind that some of these rights may be time-sensitive.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, whistleblower, antitrust and consumer litigation. The firm has specialized in complex litigation, including securities class actions, for several decades. Kirby McInerney LLP has repeatedly demonstrated its expertise in this field, and has been recognized by various courts that have appointed the firm to major positions in consolidated and multi-district litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars, and the firm’s achievements and quality of service have been chronicled in numerous published decisions. Additional information about the firm or the claims against Conn’s can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.