Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Rent-A-Center, Inc. (NASDAQ: RCII) concerning possible breaches of fiduciary duty. On July 28, 2016, Rent-A-Center stated that the roll-out of its new Point of Sales system, which had a negative effect on its sales in the quarter, had been completed. However, on October 11, 2016, the Company disclosed that the Point of Sales system continues to experience issues and will negatively impact sales. On the news, Rent-A-Center shares closed down 28.8% on October 11, 2016.
Shareholders interested in seeking to recover damages on behalf of RCII and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold RCII shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (610) 994-0292 or by sending an e-mail to mhynes@hkh-lawfirm.com.