INVESTIGATION ALERT: The Schall Law Firm Announces It Is Investigating Claims Against Papa John's International, Inc. & Encou...
July 21 2018 - 12:43PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Papa John's International, Inc. (“Papa John’s” or “the
Company”) (NASDAQ: PZZA) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. The media widely reported on July 10, 2018,
and July 11, 2018, that Papa John’s founder John Schnatter used a
racial slur during a meeting in May 2018. The Company’s share price
fell by almost 5% on July 11, 2018, based on that news. The same
day, Papa John’s announced that Schnatter was resigning from the
position of Chairman of Papa John’s board. Forbes published an
article titled “The Inside Story of Papa John’s Toxic Culture,” on
July 19, 2018, which reported, “Schnatter’s alleged behavior ranges
from spying on his workers to sexually inappropriate conduct, which
has resulted in at least two confidential settlements.” This
article is allegedly based on the input from numerous current and
former company employees, executives, and insiders. This
information caused another drop of almost 5% for Papa John’s stock,
harming investors.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180721005013/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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