|[March 14, 2014]
Goldman Scarlato Karon & Penny, P.C. Announces Investigation of Conn's, Inc.
WAYNE, Pa. --(Business Wire)--
Goldman Scarlato Karon & Penny, P.C. is investigating potential claims
on behalf of investors who purchased Conn's, Inc. ("Conn's or the
"Company") (NASDAQ: CONN) stock between April 3, 2013 and February 19,
2014, inclusive (the "Class Period").
The investigation concerns whether Conn's and certain of its officers
and/or directors violated Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 in connection with statements regarding the
Company's financial performance and prospects.
Specifically, the Firm is investigating Conn's underwriting and
collection practices, the risk of bad debt that might have resulted
there from, and whether the Company failed to disclose those practices
to investors. The Firm is also investigating whether Conn's failed to
disclose rising customer deinquencies and charge-off rates in its
On February 20, 2014, Conn's reported disappointing quarterly results
and lowered its earnings guidance, attributing the decline to a rise in
customer delinquencies and charge-offs. On this news, Conn's stock price
declined 42.85 percent-erasing more than $860 million of its market
What You May Do
If you have information that would assist the Firm in its investigation
or would like to discuss your legal rights, you may, without obligation
or cost to you, e-mail us at email@example.com
or call us at (484) 580-8740. The Firm also encourages anyone with
information regarding Conn's alleged conduct during the period in
question to contact the Firm, including former employees, shareholders,
About Goldman Scarlato Karon & Penny, P.C.
The Firm prosecutes securities fraud, consumer fraud, price-fixing,
employment class actions, and shareholder-derivative actions throughout
the U.S. The Firm's lawyers have recovered hundreds of millions of
dollars on behalf of consumers, investors, and businesses.
To learn more about the Firm, please visit our website, www.gskplaw.com.
[ Back To TMCnet.com's Homepage ]