LOS ANGELES--(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.
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