|Company Name||Conn's, Inc.|
|Class Period||September 3, 2019 to December 9, 2019|
|Motion Deadline||July 14, 2020|
Thornton Law Firm LLP announces it is investigating a securities class action lawsuit filed on behalf of shareholders of Conn’s, Inc. (NASDAQ: CONN). Investors who purchased CONN securities between September 3, 2019 and December 9, 2019, are encouraged to submit their information above. Investors may also contact Thornton Law Firm at email@example.com, or call 617-531-3917. Investors outside the USA, including derivative investors, are particularly encouraged to contact Thornton Law Firm to discuss their potential recovery rights.
Interested CONN shareholders have until July 14, 2020 to apply to be a lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member.
According to the Complaint, Conn's Inc. is a specialty retailer that sells branded durable consumer goods. Conn’s has two reportable segments: (i) retail, which includes product categories such as furniture, home appliance, consumer electronics, and home office; and (ii) credit, which includes the Company’s in-house consumer credit programs.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that Conn’s was experiencing an increase in first payment defaults and 60-plus day delinquencies; (2) that, as a result, Conn’s was reasonably likely to record an increase to its provision for bad debts; (3) that the Company made certain underwriting adjustments, including tightening its standards for new customers and online applicants; (4) that, as a result, the Company’s same-store sales would be adversely impacted; and (5) 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.
If you are an investor that suffered losses in CONN, and wish to participate, learn more, or discuss the issues surrounding the lawsuit, please contact the Thornton Law Firm’s shareholder rights team by submitting their information below, by email at firstname.lastname@example.org, or calling 617-531-3917.
Thornton Law Firm’s securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
A class action lawsuit has been filed on behalf of investors in Conn's, Inc. (CONN) securities.
Please use the form below to provide transaction information.