Key Developments: Ruby Tuesday Inc (RT)

RT on New York Consolidated

7.26USD
23 Jul 2014
Price Change (% chg)

$0.05 (+0.69%)
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$7.21
Open
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$7.37
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$7.19
Volume
386,141
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$9.37
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Latest Key Developments (Source: Significant Developments)

Ruby Tuesday announces CFO change
Thursday, 26 Jun 2014 09:12am EDT 

Ruby Tuesday Inc:Promotes Jill Golder to Executive Vice President and Chief Financial Officer effective immediately.Jill Golder succeeds Michael Moore who announced his retirement.  Full Article

Rigrodsky & Long PA files class action lawsuit against Ruby Tuesday Inc
Wednesday, 11 Jun 2014 03:49pm EDT 

Rigrodsky & Long PA:Announces that a complaint has been filed in the United States District Court for the Middle District of Tennessee on behalf of all persons or entities that purchased the common stock of Ruby Tuesday Inc.Complaint alleges that changes made to the menu at the company's flagship Ruby Tuesday chain to increase the range of offerings and price points were negatively impacting sales as the average sales check price was declining without contemporaneous increases in traffic.Contrary to the reported progress being made in the turnaround effort, same-store sales were continuing to decline exponentially at the company's flagship Ruby Tuesday chain.Says the company had experienced a dramatic decline in sales at its Lime Fresh concepts restaurants and as a result, the carrying value of the Lime Fresh goodwill.  Full Article

Wolf Haldenstein Adler Freeman & Herz LLP Announces the Filing of a Securities Class Action Against Ruby Tuesday Inc
Monday, 19 May 2014 06:30pm EDT 

Ruby Tuesday Inc:Wolf Haldenstein Adler Freeman & Herz, LLP files class action lawsuit in the United States District Court for Middle District of Tennessee.Files on behalf of all persons or entities that purchased the securities of Ruby Tuesday, Inc. between April 11, 2013 and October 9, 2013, inclusive (class period).  Full Article

Ryan & Maniskas, LLP announces class action lawsuit against Ruby Tuesday Inc
Friday, 16 May 2014 06:30pm EDT 

Ryan & Maniskas, LLP:Says that class action lawsuit has been filed in United States District Court for Middle District of Tennessee on behalf of purchasers of Ruby Tuesday Inc common stock during the period between April 11, 2013 and Oct. 9, 2013, inclusive (the class period).Says Ruby Tuesday shareholders may, no later than July 7, 2014, move court for appointment as lead plaintiff of class.Complaint alleges that during the class period, Ruby Tuesday issued materially false and misleading statements regarding the Company's financial performance and future prospects and failed to disclose the following adverse facts.That changes made to menu at the company's flagship Ruby Tuesday chain to increase range of offerings and price points were negatively impacting sales, as average sales check price was declining without contemporaneous increases in traffic.That contrary to reported progress being made in turnaround effort, same-store sales were continuing to decline exponentially at the company's flagship Ruby Tuesday chain.That the company had experienced dramatic decline in sales at its Lime Fresh Grill restaurants, and as result, carrying value of that chain's goodwill, trademark and properties and equipment was materially impaired.  Full Article

Robbins Arroyo LLP files class action complaint against Ruby Tuesday Inc
Thursday, 8 May 2014 06:58pm EDT 

Ruby Tuesday Inc:Robbins Arroyo LLP announces that an investor of Ruby Tuesday, Inc. filed a federal securities fraud class action complaint in the U.S. District Court for the Middle District of Tennessee, Nashville Division.The complaint alleges that the company and certain of its officers and directors violated the Securities Exchange Act of 1934 between April 11, 2013 and Oct. 9, 2013.Ruby Tuesday is accused of misrepresenting its Financial Status.  Full Article

Robbins Geller Rudman & Dowd LLP files class action suit against Ruby Tuesday Inc
Tuesday, 6 May 2014 06:46pm EDT 

Ruby Tuesday Inc:Says that a class action has been commenced in the United States District Court for the Middle District of Tennessee on behalf of purchasers of Ruby Tuesday, Inc. common stock.Purchased during the period between April 11, 2013 and Oct. 9, 2013.The complaint alleges that during the Class Period, Ruby Tuesday issued materially false and misleading statements regarding the Company's financial performance and future prospects and failed to disclose some of the facts.  Full Article

Ruby Tuesday Inc gives Q4 2014 same-restaurant sales guidance
Wednesday, 9 Apr 2014 04:05pm EDT 

Ruby Tuesday Inc:Expects Q4 2014 same-restaurant sales to be down 1.0 pct to up 1.0 pct.  Full Article

Ruby Tuesday Inc lowers Q3, Q4 2014 same-restaurant sales guidance
Wednesday, 8 Jan 2014 04:05pm EST 

Ruby Tuesday Inc:Sees Q3 2014 same-restaurant sales to be down mid single digits.Sees Q4 2014 same-restaurant sales to be down low single digits to flat.  Full Article

Ruby Tuesday Inc Reduces Operating Expenses Through Workforce Reduction
Wednesday, 20 Nov 2013 06:06pm EST 

Ruby Tuesday Inc announced that as announced in the Company's first quarter earnings release, the Company has undertaken a comprehensive review of its cost structure. As a first step in this process, the Company has restructured corporate support services and reduced operating expenses through workforce reduction. The restructuring eliminates 50 positions at the Maryville, TN Restaurant Support Center.  Full Article

Ruby Tuesday Inc Announces Chairman Change-Form 8-K
Monday, 28 Oct 2013 09:01am EDT 

Ruby Tuesday Inc reported in its Form 8-K that on October 27, 2013, the Board of Directors (the Board) of the Company, appointed James J. Buettgen, the Company’s President and Chief Executive Officer, to serve as Chairman of the Board. Mr. Buettgen’s appointment will be effective immediately. Additionally, the Board appointed Stephen I. Sadove as Lead Director, such appointment also to take effect immediately. On October 27, 2013, Matthew A. Drapkin notified the Company that he will resign from the Board effective as of the date of notice.  Full Article

Canada's TransForce to buy U.S. truckload transporter

- Canadian trucking company TransForce Inc said it would buy truckload company Transport America Inc from private equity firm Goldner Hawn Johnson & Morrison Inc in a $310 million deal to benefit from higher pricing in the United States.

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