GPM Reminds Investors of the June 28 Deadline in the Class Action Lawsuit Against Ruby Tuesday, Inc.
June 21 2016 - 4:14PM
Business Wire
Investors with over $100,000 in losses are encouraged to contact
Lesley Portnoy, Esquire to discuss their legal rights
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the
June 28, 2016 deadline to file a lead plaintiff motion in
the class action filed on behalf of a class (the “Class”) of
investors who purchased Ruby Tuesday, Inc. (“Ruby Tuesday” or the
“Company”) (NYSE: RT) securities between July 24, 2015 and April 7,
2016, inclusive (the “Class Period”). Ruby Tuesday investors have
until June 28, 2016 to file a lead plaintiff
motion.
According to the lawsuit, defendants throughout the Class Period
issued false and misleading statements to investors and/or failed
to disclose that: (1) Ruby Tuesday’s fiscal year 2016 guidance was
unobtainable and unrealistic; (2) promotional activity by its peers
was adversely impacting Ruby Tuesday’s performance; (3) the
continuing decline in casual dining customers and traffic adversely
impacted Ruby Tuesday’s performance; and (4) as a result of the
foregoing, defendants’ statements about Ruby Tuesday’s business,
operations, and prospects, were false and misleading and/or lacked
a reasonable basis. When the true details entered the market, the
lawsuit claims that Ruby Tuesday shares declined in value and
investors suffered damages.
If you purchased Ruby Tuesday shares, you may move the Court no
later than June 28, 2016 to request appointment as
lead plaintiff. To be a member of the class you need not take any
action at this time; you may retain counsel of your choice or take
no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley Portnoy,
Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160621006589/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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