PIER 1 IMPORTS SHAREHOLDER ALERT: National Securities Law Firm Announces Investigation of Pier 1 Imports, Inc. Encourages Investors with Significant Losses to Contact Law Firm for More Information.
NEW YORK, Feb. 11, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating claims on behalf of purchasers of the securities of Pier 1 Imports, Inc. (NYSE: PIR) ("Pier 1" or the "Company"). The investigation concerns whether the Company made false and misleading statements relating to its financials.
On February 10, 2015, the Company "announced revised financial guidance for the fiscal year ending February 28, 2015. The Company's outlook reflects softer than expected sales in January and February, as well as higher than forecast expenses, primarily related to incremental supply chain costs. In addition, the Company also announced that Senior Executive Vice President and Chief Financial Officer Charles H. Turner has retired and Laura A. Coffey, a 17-year veteran of Pier 1 Imports, has been named Executive Vice President – Interim Chief Financial Officer, effective immediately."
On this news, shares of Pier 1 fell $5.09 or 28.94%, during intraday trading to trade at $11.89 on February 11, 2015.
If you purchased shares of Pier 1, and have suffered a significant loss from your investment in Pier 1 common stock and would like to learn more about this investigation, please contact us either by email at [email protected] or by telephone at (800) 511-7037 or visit our website at www.tripplevy.com. Please make sure you identify how many shares you own and/or your losses on your investment in Pier 1.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."
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Tripp Levy PLLC
Email: [email protected]
Toll free: 1-800-511-7037
International: 602.241.2841
www.tripplevy.com
SOURCE Tripp Levy PLLC
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