Thieler Law Corp advises investors with losses exceeding $100,000 of the October 26, 2015 lead plaintiff deadline in a class action lawsuit filed against Pier 1 Imports Inc (NYSE: PIR) (“Pier 1” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased Pier 1 securities between December 19, 2013 and February 10, 2015, have until October 26, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Pier 1securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose the truth regarding the Company’s business prospects and financial condition.

On February 10, 2015, Pier 1 Imports Inc reported that it would be reducing its financial guidance for the fiscal year ending February 28, 2015. Pier 1 attributed the lowered evaluation on its outlook on sales lower than forecasted in January and February 2015 and "unplanned" expenses, primarily related to incremental supply chain costs. Pier 1 also announced that the Company's Chief Financial Officer Charles H. Turner – a 23 year veteran with the Company – had "retired".

After the release of this news, NYSE: PIR price declined to $12.84, or approximately 25%, on trading of over thirty-six million shares.

If you were negatively impacted by your investment in Pier 1 securities between December 19, 2013 and February 10, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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