SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action Against Ruby Tuesday, Inc. and Its Board of Direct...
June 23 2014 - 12:15PM
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Middle
District of Tennessee on behalf of investors who purchased Ruby
Tuesday, Inc. ("Ruby Tuesday" or the "Company") (NYSE:RT) common
stock between April 11, 2013 and October 9, 2013.
For more information, click here:
http://zlk.9nl.com/ruby-tuesday-rt.
The complaint alleges that Ruby Tuesday issued materially false
and misleading information regarding the Company's financial
performance and future prospects, and/or failed to disclose adverse
facts. In particular, it is alleged that, among other allegations,
changes made to the menu at the Company's flagship Ruby Tuesday
chain to increase the range of offerings and price points were
negatively impacting sales, as the average sales check price was
declining without contemporaneous increases in traffic, and that
contrary to reported progress, same-store sales were continuing to
decline exponentially.
On July 24, 2013, Ruby Tuesday reported its fourth quarter and
fiscal 2013 results, reporting a total revenue decline from over
$1.31 billion for the 53-week period that ended June 5, 2012. The
Company also reported a total revenue decline over $1.25 billion
for the 52-week period that ended June 4, 2013 and a net loss
increased from $0.19 million to $39.41 million.
If you suffered a loss in Ruby Tuesday you have until July 7,
2014 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. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/ruby-tuesday-rt.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. with extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. Attorney advertising. Prior results do
not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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