February 20, 2014 (Shareholders Foundation) - An investigation on behalf of investors of CONN'S, Inc. (NASDAQ:CONN) shares over potential securities laws violations by CONN'S and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CONN'S, Inc. (NASDAQ:CONN) concerning whether a series of statements by CONN'S, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

CONN'S, Inc. reported that its Total Revenue rose from $792.30 million for the 12 months period that ended on January 31, 2012 to $865.03 million for the 12 months period that ended on January 31, 2013 and that its Net Loss of $3.72 million for the 12 months period that ended on January 31, 2012 turned into a Net Income of $52.61 million for the 12 months period that ended on January 31, 2013.

Shares of CONN'S, Inc. grew from $4.29 per share in early 2011 to as high as $79.24 per share last December 2013.

Then on February 20, 2014, CONN'S, Inc. announced its preliminary fourth quarter fiscal 2014 results and updated its fiscal earnings guidance.

Shares of CONN'S, Inc. closed on February 20, 2014 at $31.89 per share.