LAW OFFICE OF BRODSKY & SMITH, LLC ANNOUNCES CLASS ACTION AGAINST FRED’S, INC. (Nasdaq: FRED)

BALA CYNWYD, August 1, 2019 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against Fred’s, Inc. (“Fred’s” or “the Company”) (Nasdaq – FRED-News) for possible breaches of Federal Securities law.

According to the Complaint, defendants made numerous materially false and misleading statements concerning the level of regulatory risk faced by the Original Merger and the Revised Merger which would ultimately cause the termination of the Fred’s Asset Purchase Agreement. Specifically, Defendants made false and/or misleading statements: (i) downplaying or disputing contrary reports from journalists signaling regulatory turbulence in closing the merger; (ii) representing that inside knowledge of the FTC gave confidence that the deal would close.

If you purchased shares of Fred’s between December 20, 2016 and June 28, 2017 and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. The deadline for filing is August 27, 2019. You may contact Marc Ackerman, Esquire or Jordan Schatz, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or by calling toll free 877-534-2590.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.