SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

July 31, 2012 15:22 ET

UPCOMING DEADLINE: The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in RadioShack Corporation of Class Action Lawsuit and the Deadline of October 1, 2012 to Seek a Lead Plaintiff Position

NEW YORK, NY--(Marketwire - Jul 31, 2012) -  Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased RadioShack Corporation ("RadioShack" or the "Company") (NYSE: RSH) stock between July 26, 2011 through July 24, 2012.

For more information, click here: http://zlk.9nl.com/radioshack-rsh. There is no cost or obligation to you.

The Complaint alleges that RadioShack and CEO James F. Gooch made materially misleading statements regarding the Company's business and financial condition. The complaint states that during the Class Period defendants allegedly claimed they were successfully executing a strategic shift wherein RadioShack was transitioning from a seller of consumer electronics to a reseller of wireless products. According to the complaint, defendants repeatedly emphasized returning value to shareholders by funding the stock repurchase program and dividends.

Then on July 25, 2012, the Company reported a net loss of $21 million for its second quarter earnings and suspended its dividends. As a result of this announcement, RadioShack shares fell almost 35 percent to close at $2.60 per share on July 25, 2010.

If you suffered a loss in RadioShack you have until October 1, 2012 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 (877) 363-5972, or visit http://zlk.9nl.com/radioshack-rsh.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, 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