NEW YORK, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Dollarama Inc. ("Dollarama" or the "Company") (OTCMKT: DLMAF). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/dlmaf.

The investigation concerns whether India Dollarama and certain of its officers and/or directors have violated federal securities laws.

On October 31, 2018, Spruce Point Capital Management (“Spruce Point”) published a report 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.”  Following publication of the Spruce Point report, Dollarama’s stock price fell sharply during intraday trading on October 31, 2018.

If you are aware of any facts relating to this investigation, or purchased Dollarama shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/dlmaf. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

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