ATLANTA, GA--(Marketwire -07/23/12)- Holzer Holzer & Fistel, LLC announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of purchasers of Big Lots, Inc. ("Big Lots" or the "Company") (BIG) who purchased shares between February 2, 2012 and April 23, 2012, inclusive (the "Class Period"). The lawsuit alleges, among other things, that Big Lots knew but failed to adequately disclose that its consumables line was deteriorating. Further, according to the complaint, the Company failed to adequately inform investors that its margins and prospects were being adversely impacted by consumers making purchases of big ticket products online.
If you purchased Big Lots common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than September 7, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Big Lots investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at firstname.lastname@example.org, or email@example.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.