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Stock Market & Financial Investment News

News Breaks
July 1, 2014
06:05 EDTFRSAOF Management reports 5.1% stake in Frisch's Restaurants
AOF Management said it believes shares of Frisch's Restaurants are undervalued and is an attractive investment opportunity. AOF disclosed that it may discuss the fund's holdings with other market participants. It reported a 5.1% stake in Frisch's.
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January 20, 2015
08:07 EDTFRSFrisch's Restaurantsfiles civil lawsuit against former officer
Frisch's Restaurants announced that it has filed a civil lawsuit against a former officer for allegedly defrauding the Company and embezzling a currently estimated $3.3M over a multi-year period. In the Company's view at this point in the investigation, the fraud is not expected to have a material impact on previously reported net income for fiscal years 2014, 2013, 2012, and the Q1 of FY15. The Company has notified the appropriate law enforcement agencies and is evaluating the impact of the fraud on its reports on internal controls over financial reporting.

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