BENSALEM, Pa. -- (Business Wire)
Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Conn’s, Inc. (“Conn’s” or the
“Company”) (NASDAQ:CONN) concerning possible violations of federal
securities laws. The investigation focuses on the Company’s operations
and financial performance.
Conn’s operates specialty retail locations in Texas, Louisiana, Arizona,
Oklahoma and New Mexico, offering furniture, consumer electronics and
home office products. The investigation is related to the Company’s
December 9, 2014, announcement of the departure of the Company’s chief
financial officer, effective immediately. The Company further announced
new initiatives by its board of directors “that are intended to enhance
oversight of the business at a time when the senior management team is
contending with a combination of rapid portfolio growth and a more
difficult credit collection environment.”
According to the Company, customer credit scores continue to deteriorate
and the Company recorded additional provisions for credit losses in
third-quarter fiscal 2015, “based on the assumption that we will not
realize any improvement in these trends over the next 12 months, despite
the underwriting changes and improved collections execution.”
If you purchased Conn’s shares, if you have information or would like to
learn more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Source: Law Offices of Howard G. Smith
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