A lawsuit was filed on behalf of investors in Pier 1 Imports Inc (NYSE:PIR) shares over alleged securities laws violations and NYSE:PIR investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/16/2015 --A shareholder in NYSE:PIR shares of Pier 1 Imports Inc filed a lawsuit in Texas over alleged violations of Securities Laws by Pier 1 Imports Inc.

Investors who purchased shares of Pier 1 Imports Inc (NYSE:PIR) have certain options and for certain investors are short and strict deadlines running. Deadline: October 26, 2015. NYSE:PIR investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Pier 1 Imports Inc (NYSE:PIR) common shares between December 19, 2013 and February 10, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 19, 2013 and February 10, 2015 Defendants made allegedly false and/or misleading statements and allegedly failed to disclose the truth regarding the Pier 1 Imports' business prospects and financial condition.

On February 10, 2015, Pier 1 Imports Inc announced that it revised its financial guidance for the fiscal year ending February 28, 2015. Pier 1 Imports Inc said that its outlook reflects softer than expected sales in January and February, as well as higher than forecast expenses, primarily related to incremental supply chain costs.

In a separate announcement on February 10, 2015, Pier 1 Imports Inc also announced that its Senior Executive Vice President and Chief Financial Officer Charles H. Turner has retired and Laura A. Coffey, a 17-year veteran of Pier 1 Imports, has been named Executive Vice President – Interim Chief Financial Officer, effective immediately.

Those who purchased shares of Pier 1 Imports Inc (NYSE:PIR) 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