Pier 1 Imports Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Pier 1 Imports Inc |
Stock Symbol : | NYSE: PIR |
Class Period Start: | 12/19/2013 |
Class Period End: | 02/10/2015 |
Lead Plaintiff motion: | 10/26/2015 |
Date Filed: | 08/27/2015 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of Texas |
Summary: | 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |
Please find below an excerpt of the complaint filed