On or around 10/06/2016 (Notice of voluntarily dismissal)
Filing Date: April 29, 2016
According to the law firm press release, the lawsuit alleges 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 investors suffered damages.
On August 4, 2016, the Court appointed Lead Plaintiff and Counsel.
This case was voluntarily dismissed on October 6, 2016.
Company & Securities Information
Defendant: Ruby Tuesday, Inc.
Headquarters: United States
Ticker Symbol: RT
Company Market: New York SE
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
Alessandro Jacob, et al. v. Ruby Tuesday, Inc., et al.