NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Conn's, Inc. (NASDAQ: CONN) between September 3, 2019 and December 9, 2019, inclusive (the “Class Period”) of the important July 14, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Conn’s investors under the federal securities laws.
To join the Conn’s class action, go to http://www.rosenlegal.com/cases-register-1857.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
According to the lawsuit, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Conn’s business, operations, and prospects. Specifically, defendants failed to disclose that: (1) Conn’s was experiencing an increase in first payment defaults and 60-plus day delinquencies; (2) as a result, Conn’s was reasonably likely to record an increase to its provision for bad debts; (3) Conn’s made certain underwriting adjustments, including tightening its standards for new customers and online applicants; (4) as a result, Conn’s same-store sales would be adversely impacted; and (5) as a result of the foregoing, defendants’ positive statements about Conn’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1857.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
