NEW YORK, Dec. 27, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Rent-A-Center, Inc. ("Rent-A-Center" or the "Company") (NASDAQ-GS:RCII) and certain of its officers, and is on behalf of purchasers of Rent-A-Center securities between July 27, 2015, and October 10, 2016, inclusive (the "Class Period"). Such investors are advised to join this case by visiting the firm's site: http://www.bgandg.com/rcii.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Rent-A-Center's business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that Rent-A-Center could not appropriately implement its new point of sale system ("POS"); (2) that, the POS was not working properly and there were several cases where the system suffered complete outages; (3) consequently, Rent-A-Center's Acceptance Now credit system could not be implemented properly; (4) that Rent-A-Center could not meet its forecasted revenue and profitability guidance; (5) as a result, Rent-A-Center would need to revise its prior guidance; and (6) due to all the aforementioned facts, Rent-A-Center's statements about its business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/rcii or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Rent-A-Center you have until February 21, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
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