METAIRIE, La., March 10, 2008 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announce that it is commencing an investigation into Reddy Ice Holdings, Inc. ("Reddy Ice" or the "Company") (NYSE:FRZ) to determine whether possible securities law violations have occurred regarding the recent execution of a search warrant.
Reddy Ice, a manufacturer and distributor of packaged ice, recently announced that a search warrant was executed at the Company's Dallas corporate office on March 5, 2008. According to Reddy Ice, the search warrant was directed by the Antitrust Division of the United States Department of Justice in connection with an investigation of the packaged ice industry. Shares of the Company have fallen approximately 30 percent since the announcement of the adverse news, opening today at $15.33 per share.
If you are a Reddy Ice shareholder and/or have information that would assist in this ongoing investigation, or have other questions relating to a loss you've suffered in your investment, you may contact Eric J. O'Bell directly without obligation or cost to you at 504-456-8677; or by email to ejo@obelllawfirm.com.