An investigation for investors in Outerwall Inc (NASDAQ:OUTR) shares over potential securities laws violations by Outerwall Inc was announced and NASDAQ:OUTR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/18/2016 -- An investigation for shareholders in Outerwall Inc (NASDAQ:OUTR) shares over potential securities laws violations by Outerwall in connection certain financial statements was announced.
Investors who purchased shares of Outerwall Inc (NASDAQ:OUTR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Outerwall Inc (NASDAQ:OUTR) concerning whether a series of statements by Outerwall Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 7, 2015, Outerwall Inc provided an update on its financial expectations for the full year 2015. Outerwall Inc said that the revised outlook reflects lower Redbox segment revenue than expected for the fourth quarter of 2015 based on preliminary results through the end of November and expectations for December, as well as the expected write-off of certain capitalized assets associated with its SampleIt concept, which the company has decided to discontinue.
Shares of Outerwall Inc (NASDAQ:OUTR) declined to as low as $39.16 per share on December 14, 2015, respectively as low as $30.29 per share on January 14, 2016.
Those who purchased shares of Outerwall Inc (NASDAQ:OUTR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com