June 24, 2013 - The court granted the defendants' motion to dismiss.
May 14, 2013 - The lead plaintiff and lead counsel were appointed.

May 6, 2013 - The defendants filed a motion to dismiss.

April 22, 2013 - A lead plaintiff motion was filed.

February 21, 2013 - An investor in shares of Family Dollar Stores Inc (NYSE: FDO) filed a lawsuit in the U.S. District Court for the Western District of North Carolina against Family Dollar Stores Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between October 3, 2012 and January 2, 2013.

Family Dollar Stores Inc reported that its total revenue rose from over $7.4 billion for the 52 weeks period that ended on Aug. 29, 2009 to over $8.54 billion for the 52 weeks period that ended on August 27, 2011 and that its respective time period increased from $291.27 million to $388.44 million.

Shares of Family Dollar Stores Inc (NYSE: FDO) grew from as low as slightly below $26 in early 2009 to as high as $73.26 per share in June 2012.

According to the complaint the plaintiff alleges on behalf of purchasers of Family Dollar Stores Inc (NYSE: FDO) common stock during the period between October 3, 2012 and January 2, 2013, that Family Dollar Stores Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding Family Dollar Stores Inc's then-present sales demand, profitability and financial results for the first quarter of 2013, ended November 24, 2012, and for December 2012.

On October 3, 2012, Family Dollar Stores Inc reported sales and earnings results for the fourth quarter and year ended August 25, 2012. Its Total Revenue increased to over $9.33 billion with a Net Income of $422.24 million for the 52 week period that ended on Aug. 25, 2012. Among other things, Family Dollar Stores Inc issued its EPS guidance for the 53 week year ending on August 31, 2013. Family Dollar Stores Inc said that for the 53-week year ending August 31, 2013. Family Dollar Stores Inc expects that earnings per diluted share will be between $4.10 and $4.40, compared with $3.58 in fiscal 2012.

The plaintiff claims that as a result of defendants’ statements, Family Dollar Stores Inc’s stock traded at artificially inflated prices between October 3, 2012 and January 2, 2013, reaching a high of $71.20 per share by November 30, 2012.

Then on January 3, 2013, Family Dollar Stores Inc reported its results for the first quarter of fiscal 2013 ended November 24, 2012. Among other things, Family Dollar Stores Inc revised its EPS guidance for the 53 week year ending on August 31, 2013. Family Dollar Stores Inc said that the Company now expects that diluted earnings per share in fiscal 2013 will be between $3.95 and $4.20

Shares of Family Dollar Stores Inc (NYSE: FDO) declined from $64.04 per share on January 2, 2013, to $55.74 per share on January 3, 2013.

On February 21, 2013, Family Dollar Stores Inc (NYSE: FDO) shares closed at $56.30 per share, which is significantly below its current 52 week high.