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Fred’s Inc. (NasdaqGS: FRED)

Fred’s Inc. (NasdaqGS: FRED)

Company Name: Fred's Inc.
Stock Symbol: NasdaqGS: FRED
Class Period Start: 12/20/2016
Class Period End (inclusive): 12/20/2016
Filing Deadline: 08/27/2019
Court: Western District of Tennessee

Case Details

The law firm of Barbuto & Johansson, P.A., and Director of Client Relations Neil Rothstein, Esq. remind investors that they have until August 27th, 2019 to file lead plaintiff applications in a securities class action lawsuit against Fred's Inc.

Fred’s and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 29, 2017, the market was stunned by the announcement that the merger between Walgreens Boots Alliance, Inc. and Rite Aid Corp. had been terminated along with a collaborative Asset Purchase Agreement with the Company to buy 865 Rite Aid stores for $950 million previously reached in order to help obtain FTC approval and complete the Merger.

On this news, the price of Fred’s, Inc.’s shares plummeted.

If you purchased securities of Fred's Inc. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, please contact one of our attorneys. Call the firm today at (561) 444-7980 and/or fill out the form to the right.

The case is Zaller v. Fred’s Inc. et al, 2:19cv2415.