Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Securities Class Action

Securities fraud litigation history and active cases

In Litigation

0

Settlement

0

Closed

1

Total Settlement

$7.25M

FREDS INC (FRED) Class Action Lawsuit (June 2019)

Closed

2:19cv2415 • June 27, 2019

Class Period Start

January 30, 2017

Class Period End

September 25, 2017

PSLRA Deadline

August 27, 2019

Case Allegations

10b5

Statutes of Repose

Jan 30, 2020

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

June 5, 2022

Settlement Fund

$7,250,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that acquired Fred’s common stock from January 31, 2017, through June 28, 2017, both dates inclusive.

Claim Administrator

Strategic Claims Services
P.O. Box 230 600 N. Jackson St., Ste. 205 Media, PA 19063
+1 000-000-0000
[email protected]

Settlement Website

-

Hearing Date

July 5, 2022

Opt-out Deadline

December 31, 1969

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jan 12, 2023

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jul 6, 2022

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Mar 14, 2022

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Mar 14, 2022

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jan 31, 2022

Proposed Settlement

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