Investigation announced for Long-Term Investors in shares of Conn’s, Inc. (NASDAQ: CONN)

An investigation on behalf of current long-term investors in shares of Conn’s, Inc. (NASDAQ: CONN) concerning potential breaches of fiduciary duties by certain directors and officers of Conn’s, Inc. was announced.

Investors who are current long term investors in Conn’s, Inc. (NASDAQ: CONN) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: CONN stocks follows a lawsuit filed against Conn’s, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CONN stocks, concerns whether certain Conn’s directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that the defendants failed to disclose that Conn’s was experiencing an increase in first payment defaults and 60-plus day delinquencies, that as a result, Conn’s was reasonably likely to record an increase to its provision for bad debts, that the Company made certain underwriting adjustments, including tightening its standards for new customers and online applicants, that as a result, the Company’s same-store sales would be adversely impacted, and that 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.

Those who purchased shares of Conn’s, Inc. (NASDAQ: CONN) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.