Chanticleer Holdings, Inc. ("Chanticleer") is a global company that owns, operates, and franchises fast-casual, and full-service restaurant brands.

According to the law firm press release, the Complaint charges that Chanticleer falsely represented that the financial statements for its South African operations, accounting for a majority of Chanticleer's revenues, had been audited. In reality, they had not been audited. When Chanticleer revealed that the financial statements for its South African operations had not been audited, the NASDAQ halted trading in Chanticleer's stock and warrants.

On January 04, 2013, the Plaintiff Francis Howard was appointed to serve as lead Plaintiff in this action with The Rosen Law Firm, P.A., being approved to serve as lead Counsel for the proposed class.

On February 19, 2013, an amended class action Complaint for violations of the federal securities laws was filed by the lead Plaintiff against the Defendants.

On May 17, 2013, a notice of voluntary dismissal of Defendants Dawson James Securities, Inc. and Merriman Capital Inc. Pursuant To Fed. R. Civ. P. 41(A)(1)(A) was filed. On May 22, 2013, the court issued an order dismissing Defendants Dawson James Securities, Inc., and Merriman Capital, Inc.

On September 17, 2013, the Court issued an order denying a motion to dismiss; granting in part and denying in part a motion to dismiss for failure to state a claim; and denying a motion for a more definite statement.