October 21, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Rent-A-Center Inc (NASDAQ:RCII) was announced over potential breaches of fiduciary duties by certain directors at Rent-A-Center Inc. The investigation by a law firm concerns whether certain Rent-A-Center directors breached their fiduciary duties and caused damage to the company and its shareholders.

Rent-A-Center Inc reported that its annual Total Revenue rose from over $3.15 billion in 2014 to over $3.27 billion in 2015 while its Net Income of $96.42 million in 2014 declined to a Net Loss of $866.63 million in 2015.

On July 28, 2016, Rent-A-Center Inc announced that issues with its new Point-of-Sale (POS) system were fixed and alleviated.
On October 11, 2016, Rent-A-Center Inc announced it was experiencing issues with the POS system which would have a negative effect on its sales. When this news was announced, shares of Rent-A-Center fell in value.

Shares of Rent-A-Center Inc (NASDAQ:RCII) declined from $34.18 per share in late 2014 to as low as $8.70 per share on October 14, 2016.

On October 20, 2016, NASDAQ:RCII shares closed at $9.50 per share.