Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Ruby Tuesday, Inc. Investors & Encoura...
May 05 2016 - 10:30AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) announces that a
class action lawsuit has been filed on behalf of investors who
purchased Ruby Tuesday, Inc. (“Ruby Tuesday” or the “Company”)
(NYSE: RT) securities between July 24, 2015 and April 7,
2016, inclusive (the “Class Period”). Ruby Tuesday investors
have until June 28, 2016 to file a lead plaintiff
motion.
Investors who have suffered losses on their Ruby Tuesday
investments are encouraged to contact Lesley Portnoy of GPM to
discuss their legal rights in this class action at 310-201-9150 or
by email to shareholders@glancylaw.com.
According to the lawsuit, defendants throughout the Class Period
issued false and misleading statements to investors and/or failed
to disclose that: (1) Ruby Tuesday’s fiscal year 2016 guidance was
unobtainable and unrealistic; (2) promotional activity by its peers
was adversely impacting Ruby Tuesday’s performance; (3) the
continuing decline in casual dining customers and traffic adversely
impacted Ruby Tuesday’s performance; and (4) as a result of the
foregoing, defendants’ statements about Ruby Tuesday’s business,
operations, and prospects, were false and misleading and/or lacked
a reasonable basis. When the true details entered the market, the
lawsuit claims that investors suffered damages.
If you purchased shares of Ruby Tuesday during the Class Period
you may move the Court no later than June 28,
2016 to ask the Court to appoint you as lead plaintiff if
you meet certain legal requirements. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights
or interests with respect to these matters, please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles California 90067 at 310-201-9150, Toll-Free at
888-773-9224, by email to shareholders@glancylaw.com, or visit our
website at http://glancylaw.com. If you inquire by email please
include your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160505005344/en/
Glancy Prongay and Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224https://www.glancylaw.comshareholders@glancylaw.com
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