LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Conn's, Inc. (“Conn’s” or the “Company”) (NASDAQ: CONN) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On June 26, 2024, Bloomberg reported that Conn’s hired a financial adviser to help rework its debt load and integrating a chain of stores it bought last year. On this news, Conn’s stock price fell $0.75, or 38.3%, over two consecutive trading days to close at $1.21 per share on June 27, 2024, thereby injuring investors.
Then, on July 24, 2024, Bloomberg reported that Conn’s had filed for bankruptcy, stating that the Company “plans to shut down after trouble integrating a recent acquisition compounded the pain of lagging sales.”
On this news, Conn’s stock price fell $0.16, or 31%, to close at $0.35 per share trading on July 24, 2024, thereby injuring investors further.
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If you purchased Conn's securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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