Investor Alert: Kaplan Fox Investigates Conn's For Potential Securities Fraud

NEW YORK, May 22, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Conn's Inc. ("Conn's" or the "Company") (NASDAQ: CONN) that purchased Conn's securities between September 3, 2019 and December 9, 2019, inclusive (the "Class Period").

On September 3, 2019, Conn's reported its second fiscal quarter 2020 financial results for the quarter ending July 31, 2019. During the conference call held that day, over one month into the third fiscal quarter, the Company touted its "confidence in our underwriting and collections performance" and stated "our stable credit segment provides us with additional opportunities to grow retail sales and differentiate our business from other retailers."

On December 10, 2019, before the market opened, Conn's reported its third fiscal quarter 2020 financial results for the period ending October 31, 2019, including a decrease in retail revenue driven primarily by an 8.4% decrease in same store sales "reflect[ing] underwriting adjustments made during the three months ended October 31, 2019."  

Following this news, Conn's stock price fell $6.85 per share, over 33%, to close at $13.65 per share on December 10, 2019.

If you are a member of the proposed Class, you may move the court no later than July 14, 2020 to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you would like to discuss the complaint or our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling 646-315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, your rights, or your interests, please contact:

Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: dhall@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com

View original content:http://www.prnewswire.com/news-releases/investor-alert-kaplan-fox-investigates-conns-for-potential-securities-fraud-301064444.html

SOURCE Kaplan Fox & Kilsheimer LLP