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SHAREHOLDER ALERT: Investigation on Behalf of Investors of Conn’s, Inc. Announced by Law Offices of Howard G. Smith

2014-12-17 22:32 ET - News Release


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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