A Deadline is coming up on June 28, 2016 in the lawsuit for investors in Ruby Tuesday, Inc. (NYSE:RT) and NYSE:RT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/22/2016 -- A deadline is coming up on June 28, 2016 in the lawsuit filed for investors of Ruby Tuesday, Inc. (NYSE:RT) over alleged securities laws violations by Ruby Tuesday.
Investors who purchased shares of Ruby Tuesday, Inc. (NYSE:RT) have certain options and there are strict and short deadlines running. Deadline: June 28, 2016. Ruby Tuesday, Inc. (NYSE:RT stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Ruby Tuesday, Inc. (NYSE:RT) common shares between July 24, 2015 and April 7, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 24, 2015 and April 7, 2016, the defendants issued allegedly false and misleading statements to investors and/or failed to disclose that Ruby Tuesday's fiscal year 2016 guidance was unobtainable and unrealistic, that promotional activity by its peers was adversely impacting Ruby Tuesday's performance, that the continuing decline in casual dining customers and traffic adversely impacted Ruby Tuesday's performance, and that as a result of the foregoing, defendants' statements about Ruby Tuesday's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Shares of Ruby Tuesday, Inc. (NYSE:RT) closed on June 21, 2016, at $3.82 per share.
Those who purchased shares of Ruby Tuesday, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego