MATTHEWS, N.C.--(BUSINESS WIRE)--Family Dollar (NYSE: FDO) announced today that a lawsuit filed in February 2013 by plaintiff Pipefitters Local No. 636 alleging that Family Dollar violated federal securities laws has been voluntarily dismissed by the plaintiff. Family Dollar had asked the Court to dismiss the case, but before the Court ruled on that request, the plaintiff agreed to abandon its claims. Family Dollar paid no money to the plaintiff and made no concessions.
“We believed that the lawsuit was without merit, and we are pleased that the plaintiff agreed to dismiss the suit on its own without having to further waste the courts’ and Family Dollar’s resources to demonstrate that the case was baseless,” said James C. Snyder, Jr. SVP –General Counsel and Secretary.
About Family Dollar
For more than 50 years, Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations. Family Dollar’s mix of name brands, and quality, private brand merchandise appeals to shoppers in more than 7,800 stores in rural and urban settings across 45 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers who refer to their neighborhood store as “my Family Dollar.” Headquartered in Matthews, North Carolina, just outside of Charlotte, Family Dollar is a Fortune 300, publicly held company with common stock traded on the New York Stock Exchange under the symbol FDO. For more information, please visit www.familydollar.com.