Thieler Law Corp advises investors with losses exceeding $100,000 of the June 28, 2016 lead plaintiff deadline in a class action lawsuit filed against Ruby Tuesday Inc (NYSE: RT) (“Ruby Tuesday” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Ruby Tuesday Inc securities between July 24, 2015 and April 7, 2016, have until June 28, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Ruby Tuesday Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 that Ruby Tuesday’s fiscal year 2016 guidance was unobtainable and unrealistic; promotional activity by its peers was adversely impacting Ruby Tuesday’s performance; the continuing decline in casual dining customers and traffic adversely impacted Ruby Tuesday’s performance; and  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.

On April 7, 2016, Ruby Tuesday issued a press release describing its third quarter as "a volatile period affected by weather, softness in the casual dining industry, and increased promotional activity by our peers". Ruby Tuesday also disclosed that CFO Jill Golder is leaving the Company effective April 11, 2016.

Following this news, NYSE: RT shares dropped as much as 16% in after-hours trading on April 7, 2016.

If you were negatively impacted by your investment in Ruby Tuesday Inc securities between July 24, 2015 and April 7, 2016 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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