December 14, 2018
Rent-A-Center Inc.'s $11 million class action settlement offer to address stockholder claims that the company tried to hide known problems with a new sales transaction system has received conditional approval from a Texas federal judge.
December 04, 2018
Investors suing Rent-A-Center in a proposed class action stock drop case claiming the company tried to hide known problems with its new sales transaction system asked a Texas federal judge Tuesday to preliminarily approve a proposed $11 million settlement.
May 15, 2018
Rent-A-Center Inc. on Monday asked a Texas federal judge not to certify a group of investors alleging the furniture and electronics rent-to-own giant's stock tumbled when problems with the rollout of a new sales transaction system surfaced, saying the suit lacks a common thread of reliance and is plagued by competing damages calculations.
March 15, 2018
A group of Rent-A-Center Inc. investors asked for class certification Wednesday in their suit alleging the furniture giant's stock tanked after a slew of hidden problems with a new system for sales transactions were revealed, telling a Texas federal judge they presumptively relied on the company's misstatements and omissions when making trading decisions.