EQUITY ALERT: Rosen Law Firm Announces Filing of Class Action Lawsuit Against Pier 1 Imports, Inc.
August 31 2015 - 3:56PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces
that a class action lawsuit has been filed on behalf of all
purchasers of Pier 1 Imports, Inc. (NYSE:PIR) securities from
December 19, 2013 through February 10, 2015. The lawsuit seeks to
recover damages for Pier 1 investors under the federal securities
laws.
To join the Pier 1 class action, go to the firm’s website at
http://www.rosenlegal.com/cases-508.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Defendants made false and/or
misleading statements and/or failed to disclose the truth
concerning the Company's business prospects and financial
condition. On February 10, 2015, Pier 1 revealed revised financial
guidance for the fiscal year ending February 28, 2015. The revised
guidance reflected lower than expected sales in January and
February, as well as higher than projected expenses, primarily
regarding incremental supply chain costs. On this news, shares of
Pier 1 fell approximately 25% to $12.84 on February 11, 2015.
If you wish to serve as lead plaintiff, you must move the Court
no later than October 26, 2015. A lead plaintiff is a
representative party acting on behalf of other class members in
directing the litigation. If you wish to join the litigation go to
the firm’s website at http://www.rosenlegal.com/cases-508.html or
to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law
Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20150831006166/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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