An investigation for investors in Dollarama Inc. (OTC: DLMAF) shares over potential securities laws violations by Dollarama Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/12/2018 -- An investigation was announced for investors of Dollarama Inc. (OTC: DLMAF) shares over potential securities laws violations by Dollarama Inc.
Investors who purchased shares of Dollarama Inc. (OTC: DLMAF), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Dollarama Inc. (OTC: DLMAF regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Dollarama Inc. operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. Dollarama Inc. reported that its Total Revenue rose from over $2.96 billion for the 12 months period that ended on January 29, 2017 to over $3.26 billion for the 12 months period that ended on January 28, 2018, and that its Net Income over those respective time periods increased from $445.63 million to $519.41 million.
Shares of Dollarama Inc. (OTC: DLMAF) reached as high as $45.69 per share in early 2018.
On October 31, 2018, a report was published entitled "Hard To Bargain For A Higher Price". The Spruce Point report highlighted purportedly "[q]uestionable accounting and governance practices [that] cast doubt on management and the underlying health of the business". Specifically, the report asserted that "[t]he Rossy family's tight control over management has led to the appearance of nepotism [and] questionable related-party real estate transactions"; that Dollarama's executive compensation structure "encourag[es] aggressive accounting and inefficient capital allocation that flatters the income statement"; and that "[m]anagement appears to use aggressive FX hedges and an off-balance-sheet relationship with a Central American retail affiliate to boost margins in a non-transparent way."
Those who purchased shares of Dollarama Inc. (OTC: DLMAF) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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