LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced 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. To obtain information or aid in the investigation, please visit the Fred’s investigation page on our website at www.glancylaw.com/case/freds-inc.
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.
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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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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