SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors With Losses on Their
Investment in Family Dollar Stores, Inc. of Class Action Lawsuit and the
Deadline of April 22, 2013 to Seek a Lead Plaintiff Position
NEW YORK, Feb. 22, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a
class action lawsuit has been commenced in the United States District Court
for the Western District of North Carolina on behalf of investors who
purchased Family Dollar Stores, Inc. ("Family Dollar" or the "Company")
(NYSE:FDO) stock between October 3, 2012 and January 2, 2013.
For more information, click here: http://zlk.9nl.com/family-dollar-fdo/.
The complaint alleges that during the Class Period, defendants issued
materially false and misleading statements regarding Family Dollar's
then-present sales demand, profitability and financial results for the first
quarter of 2013 and for December 2012. As a result of defendants' false
statements, Family Dollar's stock traded at artificially inflated prices
throughout the Class Period, reaching a high of $71.20 per share by November
30, 2012. It is further alleged that during this time Family Dollar's senior
executives cashed in, selling their own Family Dollar stock at artificially
inflated prices; during the Class Period the Company's Chief Executive Officer
sold more than $15.6 million worth of his Family Dollar stock.
On January 3, 2013, Family Dollar issued a press release disclosing that sales
in the Company's first quarter 2013 had significantly underperformed and that
the Company was slashing 2013 financial guidance. Upon this news, Family
Dollar stock fell $8.30 per share to close at $55.74 on January 3, 2012.
If you suffered a loss in Family Dollar you have until April 22, 2013 to
request that the Court appoint you as lead plaintiff.Your ability to share in
any recovery doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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