Investigation announced for Long-Term Investors in shares of Fred’s, Inc. (NASDAQ: FRED)

An investigation on behalf of current long-term investors in shares of Fred’s, Inc. (NASDAQ: FRED) concerning potential breaches of fiduciary duties by certain directors and officers of Fred’s, Inc. was announced.

Investors who are current long term investors in Fred’s, Inc. (NASDAQ: FRED) 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 for current long term investors in NASDAQ: FRED stocks follows a lawsuit filed against Fred’s, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FRED stocks, concerns whether certain Fred’s, Inc. (NASDAQ: FRED officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Western District of Tennessee the plaintiff alleges that the Defendants made false and/or misleading statements downplaying or disputing contrary reports from journalists signaling regulatory turbulence in closing the Original Merger, as well as, the Revised Merger, and representing that inside knowledge of the FTC gave confidence that the deal would close.

Those who purchased shares of Fred’s, Inc. (NASDAQ: FRED) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.