NEW YORK, May 2, 2016 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of Ruby Tuesday, Inc.
("Ruby Tuesday" or the "Company") (NYSE: RT). Such investors
are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
237.
The investigation concerns whether Ruby Tuesday and certain of
its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
On April 7, 2016, post-market, the
Company issued a press release characterizing its third quarter as
"a volatile period affected by weather, softness in the casual
dining industry, and increased promotional activity by our peers,"
and updating its full-year adjusted net income per share guidance
to $0.05 to $0.08, compared to
previous guidance in the range of $0.12 to
$0.17. On a conference call that same day, the
Company's Vice President of Finance reiterated the reduced
guidance.
On this news, shares of Ruby Tuesday fell $0.62, or 11.8%, to close at $4.60 on April 8,
2016.
The Pomerantz Firm, with offices in New York, Chicago, San
Diego and Florida, 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 70 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