IRVINE, Calif.--(EON: Enhanced Online News)--Khang & Khang LLP (the “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.
If you purchased shares of Fred’s and want more information free of charge, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
Fred's announced the Company's results for third quarter of 2016 on December 8, 2016, and stated a total loss of $38.4 million, down from a total income of $1.4 million last year during the same period. Fred's did not allow calls from analysts during the Company’s earnings calls citing a "pending transaction."
When this news was released to the public, Fred's stock dropped in value on December 9, 2016, causing investors harm.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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