Popeyes Louisiana Kitchen, Inc. Securities Litigation
On or around 03/30/2017 (Date of order of final judgment)
Filing Date: March 06, 2017
According to the Complaint, On February 21, 2017, Popeyes’ Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Restaurant Brands International Inc., Restaurant Brands Holdings Corp., and Orange, Inc. Pursuant to the terms of the Merger Agreement, shareholders of Popeyes will receive $79.00 per share in cash.
On February 27, 2017, defendants filed a Solicitation/Recommendation Statement and a Form S-4 Registration Statement (together, the “Solicitation Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.
On March 30, 2017, this case was voluntarily dismissed.
Company & Securities Information
Defendant: Popeyes Louisiana Kitchen, Inc.
Headquarters: United States
Ticker Symbol: PLKI
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Paul Parshall, et al. v. Popeyes Louisiana Kitchen, Inc., et al.
COURT: D. Minnesota
DOCKET #: 17-CV-00700
JUDGE: Hon. Patrick J. Schiltz
DATE FILED: 03/06/2017
CLASS PERIOD START: 02/21/2017
CLASS PERIOD END: 03/06/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Altman & Izek 901 N 3rd St Ste 140 , Altman & Izek , MN 55401 612-335-3700 612-335-3701 ·