CLASS ACTION LAW FIRM BEGINS OFFICE DEPOT INVESTIGATION

CLASS ACTION LAW FIRM BEGINS OFFICE DEPOT INVESTIGATION
Class action lawyers wasted little time going after Office Depot after the office supplies retailer said a $33 million profit would be restated as a $46 million loss.San Diego class action firm Zeldes & Haeggquist LLP said it had commenced an investigation into possible breaches of fiduciary duty and other violations of law by certain officers and directors at Boca Raton-based Office Depot The investigation concerns whether officers and directors caused the company to issue materially false and misleading statements regarding and financial results and whether they breached their fiduciary duties – particularly to tax loss carry-backs that were rejected by the IRS