Glancy Prongay & Murray LLP Announces Investigation on Behalf of Dollarama, Inc. Investors
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Dollarama, Inc. (“Dollarama” or the
“Company”) (OTCMKTS:
DLMAF) investors concerning the Company and its officers’ possible violations of federal securities laws.
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The investigation concerns whether Dollarama and certain of its officers and/or directors have engaged in securities fraud or
other unlawful business practices. On October 31, 2018, Spruce Point Capital Management published a report alleging
"[q]uestionable accounting and governance practices [that] cast doubt on management and the underlying health of the business".
Specifically, the report claimed 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." On this news, shares of Dollarama fell $2.02 per share, or 7%, to close at $27.08 on October
31, 2018, thereby investors.
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If you purchased Dollarama, have information or would like to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at
www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley Portnoy, 310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
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