A lawsuit was filed on behalf of investors in Ruby Tuesday, Inc. (NYSE:RT) shares over alleged securities laws violations and NYSE:RT investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 05/16/2016 --An investor, who purchased shares of Ruby Tuesday, Inc. (NYSE:RT), filed a lawsuit inNew York over alleged Securities Laws violations by Maryville, TN based Ruby Tuesday, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Ruby Tuesday, Inc. (NYSE:RT) have certain options and for certain investors are short and strict deadlines running. Deadline: June 28, 2016. NYSE:RT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

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.

On April 7, 2016, Ruby Tuesday, Inc reported its fiscal third quarter financial results and updated its fiscal year 2016 financial outlook. Additionally, Ruby Tuesday, Inc disclosed that its CFO Jill Golder had resigned effective April 11, 2016.

Shares of Ruby Tuesday, Inc. (NYSE:RT) declined on April 28, 2016, to as low as $4.28 per share.

Those who purchased shares of Ruby Tuesday, Inc. 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