NEW YORK, Sept. 1, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Pier 1 Imports, Inc. ("Pier 1") (NYSE:PIR) between December 19, 2013 and February 10, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Northern District of Texas. If you purchased or otherwise acquired Pier 1 securities between December 19, 2013 and February 10, 2015, your rights may be affected by this action. To get more information go to:
http://zlk.9nl.com/pier1imports-pir
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose the true state of the Company's business prospects and financial condition. On February 10, 2015, the Company revealed revised financial guidance for the fiscal year ending February 28, 2015, reflecting lower than expected sales in January and February, as well as higher than projected expenses, particularly regarding incremental supply chain costs.
If you suffered a loss in Pier 1 Imports you have until October 26, 2015 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have 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: 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
