SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Planned Luby's, Inc. Liquidation is Fair to LUB Shareholders

New York, New York--(Newsfile Corp. - September 10, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:

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To: All Persons or Entities who purchased Luby's, Inc. (NYSE: LUB) ("Luby's" or the "Company") stock prior to September 8, 2020.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the decision by Luby's Board of Directors to adopt a plan of liquidation and dissolution as announced on September 8, 2020. To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/lubys-inc-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Luby's liquidation investigation concerns whether the Board of Luby's breached their fiduciary duties to stockholders by agreeing to and approving the plan of liquidation and dissolution, and whether the planned monetization strategy will fail to realize the fair value of the Company, thereby harming Luby's shareholders.

Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63579

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