Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Rent-A-Center Inc (NASDAQ: RCII) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Rent-A-Center Inc (NASDAQ: RCII) concerning whether a series of statements by Rent-A-Center Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 28, 2016, Rent-A-Center revealed that issues with its new Point-of-Sale ("POS") system were fixed and alleviated. Then, on October 11, 2016, the Company revealed it was experiencing issues with the POS system which would have a negative effect on its sales.
Following this news, Rent-A-Center shares closed down 28.8% on October 11, 2016.
Based in Plano, Texas, and founded in 1986 Rent-A-Center Inc leases household durable goods to customers on a rent-to-own basis.
If you purchased shares of Rent-A-Center Inc (NASDAQ: RCII) on or before October 11, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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