Levi & Korsinsky announces the filing of a class action lawsuit in the USDC for the Southern District of New York on behalf of Ruby Tuesday, Inc. (NYSE: RT) shareholders who purchased shares between July 24, 2015 and April 7, 2016.
The complaint alleges that defendants issued materially false and misleading statements to investors and/or failed to disclose that: (a) Ruby Tuesday’s fiscal year 2016 guidance was unobtainable and unrealistic; (b) promotional activity by its peers was adversely impacting the Company’s performance; (c) the continuing decline in casual dining customers and traffic adversely impacted Ruby Tuesday’s performance; and (d) as a result of the aforementioned, defendants’ statements concerning the Company’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
If you suffered a loss in Ruby Tuesday you have until June 28, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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