Company name Liberty Tax, Inc.
Stock symbol TAX
Status Under Investigation

NEW YORK, December 11, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims against Liberty Tax, Inc. (NYSE: TAX). Our investigation concerns whether Liberty has violated the federal securities laws and/or engaged in other unlawful business practices.

On November 7, 2017, Liberty announced the resignation of its Vice President and Chief Financial Officer, Kathleen Donovan.  Following this news, the stock price of Liberty fell $2.25 per share, or nearly 17%, to close at $11.00 per share on November 8, 2017.

On December 11, 2017, Liberty announced that KPMG LLP had resigned as the Company’s independent registered public accounting firm, effective immediately, due partially to an “inappropriate tone at the top which leads to ineffective entity level controls over the organization.”  Following this news, the stock price of Liberty fell $0.80, or 6.7%, to close at $11.15 per share on December 11, 2017.

If you purchased or otherwise acquired shares of Liberty and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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