SAN DIEGO, Oct. 20, 2016 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson & Weaver, LLP has commenced an investigation
of Rent-A-Center, Inc. (NASDAQ: RCII) concerning possible
violations of federal securities laws. Rent-A-Center leases
household durable goods to customers on a rent-to-own basis.
On July 28, 2016, Rent-A-Center
stated that the roll-out of its new Point of Sales system, which
caused problems and had a negative effect on its sales in the
quarter, had been completed. However, on October 11, 2016, the Company disclosed that the
Point of Sales system continues to experience issues and will
negatively impact sales. On the news, Rent-A-Center shares
closed down 28.8% on October 11,
2016.
If you have information that could assist in this
investigation, including past employees and others, or if you are a
Rent-A-Center shareholder and are interested in learning more about
the investigation or your legal rights and remedies, please contact
Jim Baker
(jimb@johnsonandweaver.com) by email or phone at 619-814-4471.
If emailing, please include a phone number where you can be
reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP