SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

May 16, 2016 15:07 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Ruby Tuesday, Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of June 28, 2016 - RT

NEW YORK, NY--(Marketwired - May 16, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Ruby Tuesday, Inc. ("Ruby Tuesday" or the "Company") (NYSE: RTbetween July 24, 2015 and April 7, 2016.

You are hereby notified that a securities class action has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired Ruby Tuesday securities between July 24, 2015 and April 7, 2016, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/ruby-tuesday.

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. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/ruby-tuesday.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com