BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Fred’s, Inc. (“Fred’s” or the “Company”) (NASDAQ: FRED) investors concerning the Company and its officers’ potential violation of federal securities laws.
Fred’s, together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies.
On December 8, 2016, Fred’s reported a net loss of $38.4 million for the third quarter of 2016, compared to a net income of $1.4 million for the same period last year. Then, on the Company’s earnings call, the Company stated that it would not take analysts’ questions due to a “pending transaction.”
If you purchased Fred’s securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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