BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Fred’s Inc. (“Fred’s” or the “Company) (NASDAQ: FRED) investors concerning the Company and its officers’ possible violations of federal securities laws.
On April 18, 2018, Fred’s announced that it was delaying the release of its fourth quarter and full year 2017 financial results. Shortly thereafter, on April 27, 2018, Fred’s announced that Michael K. Bloom, the Company’s Chief Executive Officer, had resigned. On this news, Fred’s share price fell approximately 18% during intraday trading on April 30, 2018, thereby injuring investors.
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 firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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