SAN DIEGO, CA / ACCESSWIRE / August 4, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Conn's, Inc. (NASDAQ:CONN) shares.
Investors, who purchased shares of Conn's, Inc. (NASDAQ: CONN) Prior to September 2019 and continue to hold any of those NASDAQ:CONN shares, have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants failed to disclose that Conn's was experiencing an increase in first payment defaults and 60-plus day delinquencies, that as a result, Conn's was reasonably likely to record an increase to its provision for bad debts, that the Company made certain underwriting adjustments, including tightening its standards for new customers and online applicants, that as a result, the Company's same-store sales would be adversely impacted, and that as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased Conn's, Inc. (NASDAQ:CONN) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.