Securities Lawsuit Against Family Dollar Voluntarily Dismissed
MATTHEWS, N.C. -- June 26, 2013
Family Dollar (NYSE: FDO) announced today that a lawsuit filed in February
2013 by plaintiff Pipefitters Local No. 636 alleging that Family Dollar
violated federal securities laws has been voluntarily dismissed by the
plaintiff. Family Dollar had asked the Court to dismiss the case, but before
the Court ruled on that request, the plaintiff agreed to abandon its claims.
Family Dollar paid no money to the plaintiff and made no concessions.
“We believed that the lawsuit was without merit, and we are pleased that the
plaintiff agreed to dismiss the suit on its own without having to further
waste the courts’ and Family Dollar’s resources to demonstrate that the case
was baseless,” said James C. Snyder, Jr. SVP –General Counsel and Secretary.
About Family Dollar
For more than 50 years, Family Dollar has been providing value and convenience
to customers in easy-to-shop neighborhood locations. Family Dollar’s mix of
name brands, and quality, private brand merchandise appeals to shoppers in
more than 7,800 stores in rural and urban settings across 45 states. Helping
families save on the items they need with everyday low prices creates a strong
bond with customers who refer to their neighborhood store as “my Family
Dollar.” Headquartered in Matthews, North Carolina, just outside of Charlotte,
Family Dollar is a Fortune 300, publicly held company with common stock traded
on the New York Stock Exchange under the symbol FDO. For more information,
please visit www.familydollar.com.
Bryn Winburn, 704-708-1653
Public Relations Manager
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