LOS ANGELES--(EON: Enhanced Online News)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Fred’s, Inc. (“Fred’s” or the “Company”) (Nasdaq: FRED) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
The investigation is centered 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.
Fred's released the Company's results for third quarter of 2016 on December 8, 2016, stating a total loss of $38.4 million, compared to a total income of $1.4 million last year during the same period. Fred's refused calls from analysts due to a "pending transaction" during the Company’s earnings calls.
When this information was disclosed to the public, Fred's stock declined in value on December 9, 2016, causing investors severe harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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