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New Federal Securities Cases

Liberty Tax, Inc.

A class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Liberty Tax, Inc. ("Liberty Tax" or the "Company") (NASDAQ: TAX), on behalf of investors who purchased or otherwise acquired Liberty Tax securities during the period from June 29, 2016 through December 11, 2017 ("Class Period"). The lawsuit seeks to recover damages for Liberty Tax investors under the federal securities laws.

On November 7, 2017, Liberty Tax announced the abrupt resignation of its CFO. On this news, the stock price fell from $13.25 to $11.00 per share. Then, on December 11, 2017, Liberty announced the sudden resignation of KPMG LLP as its independent registered public accounting firm. KPMG told the Audit Committee and management that it believed that the CEO "created an inappropriate tone at the top, which leads to ineffective ... controls over the organization." KPMG added that it could no longer rely on management's representations. On this news, the stock price fell from $11.95 to $11.15 per share, further damaging investors.

If you acquired Liberty Tax securities during the Class Period, you may, no later than February 13, 2018, request that the court appoint you lead plaintiff of the Class. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions that could affect the overall recovery for class members, including decisions concerning settlement.

If you are a current or former Liberty Tax shareholder and wish to obtain additional information, please fill out the contact form at the link below.

Investigation Contact Form

Liberty Tax, Inc. Investor Contact Form


Ira M. Press

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