Former Attorney General of Louisiana Richard P. Ieyoub and the firm of Ieyoub O’Bell & Myers, LLC (“IOM”) (www.iomcounsel.com) are investigating losses in the trading of Conn’s Inc. (Nasdaq: CONN) following the disclosure of highly negative information.

Conn’s, a specialty retailer of electronics and home appliance goods, announced losses for 3Q14 of $3.1 million, or 8 cents per share (versus analysts’ expected profits of 68 cents per share). Chief Financial Officer Brian Taylor will depart the company. Conn’s also disclosed that late-stage delinquencies in its credit-financing business had risen to their highest rate since 2010 and that previous 2015 earnings guidance could no longer be trusted. Following these disclosures, CONN has lost over 40% in value in trading over the past two days alone.

General Ieyoub and IOM are investigating whether previous statements to Conn’s public shareholders by officers and directors of the company concerning its operations, financial results, and credit-financing activities were materially false or misleading, and whether investors’ current losses are related to such misstatements.

If you are a shareholder of Conn’s and you possess information relevant to this investigation, and/or if you would like to discuss your legal rights, you may contact IOM Partner Albert M. Myers at al.myers@iomcounsel.com or call (404) 931-7735.

Richard Ieyoub, a partner of IOM, served as a Special Prosecutor, District Attorney, and President of the National District Attorneys Association before being elected Louisiana Attorney General in 1992, serving until 2004. General Ieyoub played a leadership role in litigation on behalf of 46 states against major tobacco manufacturers, who agreed in 1998 to pay over $200 billion to redress the public health costs of smoking. IOM partners Eric J. O’Bell and Albert M. Myers have practiced shareholder litigation for a combined total of over 25 years. IOM has offices in the New Orleans and Atlanta metropolitan areas. The firm’s website is www.iomcounsel.com.

Paid content. Past results do not guarantee a similar outcome.