CONN’S SHAREHOLDER ALERT: Investor Lawsuit Filed

BOSTON, MA / ACCESSWIRE / June 1, 2020 / Thornton Law Firm LLP is investigating a securities class action lawsuit filed on behalf of shareholders of Conn's, Inc. (NASDAQ:CONN). Investors who purchased CONN securities between September 3, 2019 and December 9, 2019, and are interested in serving as a lead plaintiff, are encouraged to visit https://www.tenlaw.com/cases/CONN. Investors may also contact Thornton Law Firm at shareholder@tenlaw.com, or call 617-531-3917. Investors outside the USA, including derivative investors, are particularly encouraged to contact Thornton Law Firm to discuss their potential recovery rights.

FOR MORE INFORMATION, VISIT: https://www.tenlaw.com/cases/CONN

There is no minimum number of shares required to be a class member, and shareholders do not need to be lead plaintiff to recover as a class member. The lead plaintiff serves as a representative of all investors in the lawsuit. Interested CONN shareholders have until July 14, 2020 to apply to be a lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. Investors who choose to take no action can remain an absent class member without taking any action at this time.

According to the Complaint, Conn's Inc. is a specialty retailer that sells branded durable consumer goods. Conn's has two reportable segments: (i) retail, which includes product categories such as furniture, home appliance, consumer electronics, and home office; and (ii) credit, which includes the Company's in-house consumer credit programs.

The Complaint alleges that throughout the Class Period, Defendants failed to disclose to investors: (1) that Conn's was experiencing an increase in first payment defaults and 60-plus day delinquencies; (2) that, as a result, Conn's was reasonably likely to record an increase to its provision for bad debts; (3) that the Company made certain underwriting adjustments, including tightening its standards for new customers and online applicants; (4) that, as a result, the Company's same-store sales would be adversely impacted; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading or lacked a reasonable basis.

Investors who suffered a loss in Conn's that are interested to learn more about the lead plaintiff process are encouraged to contact the Thornton Law Firm's shareholder rights team at http://www.tenlaw.com/cases/CONN, by email at shareholder@tenlaw.com, or calling 617-531-3917.

FOR MORE INFORMATION: https://www.tenlaw.com/cases/CONN

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:

Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/CONN

SOURCE: Thornton Law Firm LLP