Ruby Tuesday Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Ruby Tuesday Inc |
Stock Symbol : | NYSE: RT |
Class Period Start: | 07/24/2015 |
Class Period End: | 04/07/2016 |
Lead Plaintiff motion: | 06/28/2016 |
Date Filed: | 04/29/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | 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. 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
|