FRED Fred's Inc.

SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation of Fred's, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--

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 [email protected].

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.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

EN
09/12/2016

Underlying

FREDFred's Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fred's Inc.

MarketLine Department
  • MarketLine Department
EUR 148.63
FRED FRED'S INC.

Big Lots Inc - Company Profile and SWOT Analysis

Summary Big Lots Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Big Lots Inc (Big Lots) is a home discount retailer. The company offers a wide range of merchandise categories such as electronics, apparel, food, furniture, soft home, hard home, and seasonal products. It...

06/28/24 June 28, 2024 1 EN
 PRESS RELEASE
Free
FRED FRED'S INC.

Fred’s Commences Voluntary Chapter 11 Proceedings

Fred’s Commences Voluntary Chapter 11 Proceedings Seeks Court Approval to Enter into $35 Million Proposed Debtor-in-Possession Financing Agreement All Fred’s Locations to Commence Liquidation Sales DALLAS, Texas, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Fred's, Inc. (NASDAQ:) today announced that the Company has filed for voluntary relief under chapter 11 of the Bankruptcy Code (“Chapter 11”) in the U.S. Bankruptcy Court for the District of Delaware (the “U.S. Bankruptcy Court”).  The Company has also filed a motion seeking interim and final approval of the U.S. Bankruptcy Court to en...

September 9, 2019 1 EN
 PRESS RELEASE
Free
FRED FRED'S INC.

Fred’s to Close an Additional 129 Stores and Hold Inventory Clearanc...

Fred’s to Close an Additional 129 Stores and Hold Inventory Clearance Sales Across All Stores Encourages Customers to Take Advantage of Unique Value-Priced Shopping Opportunities Pharmacies to Remain Open MEMPHIS, Tenn., July 12, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) today announced that it will close an additional 129 retail stores and hold inventory clearance sales across all stores in an effort to refocus its product mix, simplify its store portfolio and repay debt. Following the planned 129 closures, Fred’s will have approximately 80 retail stores remaining, ce...

July 12, 2019 1 EN
 PRESS RELEASE
Free
FRED FRED'S INC.

Fred's Closing 49 Underperforming Stores; Pharmacies to Remain Open

Fred's Closing 49 Underperforming Stores; Pharmacies to Remain Open MEMPHIS, Tenn., June 21, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) today announced it will close an additional 49 underperforming stores as part of an ongoing effort to optimize store footprint. Pharmacies will remain open at all locations listed below – customers can continue to fill their prescriptions, receive vaccinations, and purchase over the counter medications. Fred’s decision to close additional underperforming stores follows a continued evaluation of the Company's store portfolio, including historica...

June 21, 2019 1 EN
 PRESS RELEASE
Free
FRED FRED'S INC.

Fred’s Reports First Quarter 2019 Results

Fred’s Reports First Quarter 2019 Results MEMPHIS, Tenn., June 19, 2019 (GLOBE NEWSWIRE) -- Fred’s, Inc. (NASDAQ: FRED) reported financial results for the first quarter ended May 4, 2019. Except as otherwise noted, the comparable results from the prior year contained herein have been adjusted for discontinued operations related to the sale of Fred’s specialty pharmacy business to an affiliate of CVS Health Corporation and certain assets of Fred’s retail pharmacy business to Walgreen Co. The amounts and percentages presented below, for all periods, reflect the results of operations and fin...

June 19, 2019 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch