NEW YORK, Oct. 27, 2016 /PRNewswire-USNewswire/ --
Pomerantz LLP is investigating claims on behalf of investors of
Rent-A-Center, Inc. ("Rent-A-Center" or the "Company") (NASDAQ:
RCII) (ISIN: US76009N1000). Investors are advised to contact
Robert S. Willoughby at
rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Rent-A-Center and certain of
its officers and/or directors have violated the federal securities
laws.
[Click here to join a class action]
On October 11, 2016, Rent-A-Center
announced that the Company was experiencing issues with its
point-of-sale systems ("POS") that would negatively impact
Rent-A-Center's sales. On this news, Rent-A-Center stock fell
$3.70, or 28.73%, to close at
$9.18. Then, on October 26, 2016, Rent-A-Center announced
financial and operating results for the third quarter of 2016 that
fell significantly below estimates, citing, in part, POS issues
that had caused system outages.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com.
CONTACT:
Robert S.
Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP