DENVER, June 16, 2008 (PRIME NEWSWIRE) -- The law firm of Dyer & Berens LLP (www.DyerBerens.com) announced today that it has initiated an investigation concerning losses suffered by certain purchasers of Reddy Ice Holdings, Inc. (NYSE:FRZ) ("Reddy Ice" or the "Company") common stock.
Reddy Ice, a manufacturer and distributor of packaged ice, recently announced that the Company and certain management and non-management employees received grand jury subpoenas seeking information in connection with an investigation by the Antitrust Division of the United States Department of Justice into possible antitrust violations in the packaged ice industry. In addition, on March 5, 2008, federal officials executed a search warrant at its corporate office in Dallas, Texas. The Company is now reportedly named as a defendant in dozens of civil class action lawsuits alleging violations of federal antitrust laws. In response, the price of Reddy Ice common stock dropped approximately 30% and currently trades at around $13.00 per share.
If you have information relevant to the investigation, or if you are a Reddy Ice investor who suffered losses, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362 or via email at jeff@dyerberens.com.
The law firm of Dyer & Berens LLP focuses on complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.