OKLAHOMA CITY, OK--(Marketwired - Mar 7, 2014) - On 2/14/2014, a class action lawsuit was filed in the United States District Court for the Southern District of Texas against Conn's, Inc. (NASDAQ: CONN). The complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is 4/3/2013 through 2/19/2014. An overview of specific allegations can be found on our website at www.federmanlaw.com.
Plaintiff seeks to recover damages on behalf of all Conn's, Inc. shareholders who purchased common stock during the Class Period outlined above, and are therefore a member of the Class. You, or any member of the putative class, may move the Court no later than Monday, May 5, 2014 for consideration to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:
Conn's, Inc. is a specialty retailer of home goods, including furniture and mattresses, appliances and consumer electronics. The Company offers branded durable consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers. The Company operates in two segments: retail and credit. The retail segment operates primarily through its stores and Website. The retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from global brands across a wide range of price points. The credit segment offers financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. Its appliances include refrigerators, washers and dryers, dishwashers, cooktops, ranges, wall ovens, microwaves, vacuum cleaners, range hoods, parts and accessories, and air conditioners.