An investigation for investors in NASDAQ:FRED shares was announced concerning possible violations of securities laws violations by Fred’s, Inc. and certain of its directors and officers.
Investors who purchased shares of Fred’s, Inc. (NASDAQ:FRED), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Fred’s, Inc. (NASDAQ:FRED) concerning whether certain statements by Fred’s, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 8, 2016, Fred’s announced its results for the third quarter of 2016, reporting a net loss of $38.4 million, compared to net income of $1.4 million for the same period in the prior year. During Fred’s, Inc’s earnings call, the company would not take calls from analysts, citing a “pending transaction.”
Those who purchased NASDAQ:FRED shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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