DALLAS, July 19, 2012 /PRNewswire/ -- Goldfarb LLP is investigating whether the board of directors of Big Lots, Inc. (NYSE: BIG) violated shareholder protection laws by issuing materially false and misleading statements to investors that artificially inflated the company's stock price. Concerned BIG investors who purchased shares prior to April 23, 2012 are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbllp.com about their rights and remedies.

"Big Lots has been accused of failing to disclose that sales in their electronics products and consumables line – representing a third of the company's business – had declined," securities lawyer Hamilton Lindley said. "As a result, the company's stock traded at artificially inflated prices. Our proposed shareholder lawsuit will seek to ensure that controls are placed to correct any improper behavior and to improve the company's value for investors."

Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. BIG shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at hlindley@goldfarbllp.com or 877-583-2855.

Hamilton Lindley
Goldfarb LLP
2501 N. Harwood, Ste. 1801
Dallas, TX 75201
(877) 583-2855 Toll Free Telephone
(214) 583-2233 Local Phone Number
(214) 583-2234 Fax Number
hlindley@goldfarbllp.com
www.goldfarbllp.com

SOURCE Goldfarb LLP