LOS ANGELES, Feb. 26, 2019 (GLOBE NEWSWIRE) -- 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.
If you are a shareholder who suffered a loss, click here to participate.
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.
Contacts
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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