An investigation for investors in NYSE:BIG shares was announced over potential breaches of fiduciary duties by certain officers and directors at Big Lots, Inc.
Investors who purchased shares of Big Lots, Inc. (NYSE:BIG) and currently hold any of those:BIG shares 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 concerns whether certain Big Lots directors breached their fiduciary duties and caused damage to the company and its shareholders.
A lawsuit was filed in 2012 in the U.S. District Court for the Southern District of Ohio against Big Lots, Inc. The plaintiff alleges that Big Lots, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between Feb. 2, 2012 and April 23, 2012, allegedly materially false and misleading statements regarding the Company’s business and financial results.
The plaintiff alleges that as a result of defendants’ allegedly false statements, Big Lots stock (NYSE:BIG) traded at artificially inflated prices between Feb. 2, 2012 and April 23, 2012, reaching a high of $46.81 per share on March 27, 2012.
In April 2013 an amended complaint was filed and in May 2013 the defendants filed their motion to dismiss the case.
Those who purchased NYSE:BIG 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