Family Dollar securities suit dismissed

Matthews, N.C. – A lawsuit filed against Family Dollar by Pipefitters Local No. 636 alleging that Family Dollar violated federal securities laws has been voluntarily dismissed by the plaintiff. Family Dollar had petitioned to have the suit dismissed, but Pipefitters Local No. 636 abandoned its claims before the court made a ruling. Family Dollar said it did not pay any money or make any concessions in relation to the claim being dropped.

"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 of Family Dollar.