Press release from PR Newswire
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Big Lots Inc.
Wednesday, April 25, 2012
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Big Lots Inc.11:20 EDT Wednesday, April 25, 2012NEW YORK, April 25, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of Big Lots Inc. ("Big Lots" or the "Company") (NYSE: BIG) stock concerning possible breaches of fiduciary duty. For more information, click here: http://www.zlk.com/big-lots-big. On April 24, 2012, shares of Big Lots fell 24% after the Company projected an unexpected decline in sales. In addition, Big Lots has spent $46 million to repurchase 1.3 million shares in the fourth quarter, while numerous insiders have sold a total of approximately 900,000 shares and options over the past year.If you own Big Lots stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com.Levi & Korsinsky is a national firm with offices in New York 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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.comSOURCE Levi & Korsinsky, LLP