On or around 12/15/2014 (Ongoing date of last review)
Filing Date: December 12, 2014
According to the law firm press release, the lawsuit claims that Conn’s misled investors by failing to disclose to true extent of the deterioration of its credit portfolio. The suit claims that true extent of the deterioration was revealed on December 9, 2014, when the Company withdrew its financial guidance and admitted that its prior financial guidance was not “acceptably accurate.” On this news, Conn’s shares lost over 40% of its value.
Company & Securities Information
Defendant: Conn's, Inc.
Industry: Retail (Technology)
Headquarters: United States
Ticker Symbol: CONN
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Eric Pittel, et al. v. Conn's, Inc., et al.
COURT: S.D. Texas
DOCKET #: 14-CV-03548
JUDGE: Hon. Lynn N. Hughes
DATE FILED: 12/12/2014
CLASS PERIOD START: 09/02/2014
CLASS PERIOD END: 12/09/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Payne Mitchell Law Group, LLP 2911 Turtle Creek Blvd., Suite 1400, Payne Mitchell Law Group, LLP, TX 75219 214-252-1888 214-252-1889 ·