LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (NASDAQ: RCII) concerning the Company and its officers’ possible violations of federal securities laws.
The investigation concerns whether the Company misled investors regarding its sales and profitability following issues arising out of Rent-A-Center’s point of sale systems (“POS”). Despite assurances by the Company on July 28, 2016 that its POS was fixed and could accommodate the Company’s future sales process, on October 11, 2016, the Company announced it was experiencing issues with its POS that would negatively impact Rent-A-Center’s sales. On this news the Company shares fell substantially in value.
If you purchased Rent-A-Center securities, have information or would like to learn more about these claims, or 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 firstname.lastname@example.org, 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.
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