New York, New York--(Newsfile Corp. - July 7, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Conn's, Inc. (NASDAQ: CONN) alleging that the Company violated federal securities laws.
Class Period: September 3, 2019 and December 9, 2019
Lead Plaintiff Deadline: July 14, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that Conn's, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Conn's was experiencing an increase in first payment defaults and 60-plus day delinquencies; (2) as a result, Conn's was reasonably likely to record an increase to its provision for bad debts; (3) the Company made certain underwriting adjustments, including tightening its standards for new customers and online applicants; (4) as a result, the Company's same-store sales would be adversely impacted; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Shareholders have until July 14, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the CONN lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59291