IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Rent-A-Center, Inc. and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / January 30, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (Nasdaq: RCII). Investors who purchased or otherwise acquired Rent-A-Center shares between July 27, 2015 and October 10, 2016 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the February 27, 2017 lead plaintiff deadline.

If you purchased shares of Rent-A-Center during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

In particular, the Company failed to reveal: that it was unable to install its new point of sale system (“POS”); that, the POS was not performing as intended and experienced system outrages; that because of this, the Company’s Acceptance Now credit system was not installed properly; that the Company was unable to meet revenue and profit guidance given to investors; that, as such, the Company needs to review its prior guidance; and that, due to the above, the Company’s statements about Rent-A-Center’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

When this information was revealed to the public, the value of Rent-A-Center fell, causing investors serious harm.

If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contacts

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 453836