IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces an Investigation of Fred’s, Inc. & Advises Investors with Losses to Con...
December 09 2016 - 10:41PM
Business Wire
Goldberg Law PC, a national shareholder rights litigation firm,
announces that it is investigating Fred’s, Inc. (“Fred’s” or the
“Company”) (Nasdaq: FRED) concerning possible violations of federal
securities laws.
If you purchased or otherwise acquired Fred’s shares and would
like more information regarding the investigation, we encourage you
to contact Michael Goldberg or Brian Schall, of Goldberg Law PC,
1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The investigation focuses on whether Fred’s and some of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On December 8, 2016, Fred’s released its 2016 third quarter
results, finding a total loss of $38.4 million, a sharp decline
from the total income of $1.4 million last year during the same
period. Fred's did not allow calls from analysts, citing a "pending
transaction," during the Company’s earnings calls.
When this news was released to the public, Fred's stock dropped
in value, causing investors severe harm.
If you have any questions concerning your legal rights, please
immediately contact Goldberg Law PC at 800-977-7401, or visit our
website at http://www.Goldberglawpc.com, or email us at
info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161209005816/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.com
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