Papa John's International, Inc. Securities Litigation
On or around 03/29/2019 (Ongoing date of last review)
Filing Date: August 30, 2018
Plaintiff's law firm issued a press release on August 30, 2018 announcing the lawsuit. According to the press release, Papa John’s operates and franchises pizza delivery and carryout restaurants under the Papa John’s trademark in the United States and internationally. Papa John’s is among the largest carryout and pizza delivery restaurant chains in the United States.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose that: (i) Papa John’s executives had engaged in a pattern of sexual harassment and other inappropriate workplace conduct at the Company; (ii) Papa John’s Code of Ethics and Business Conduct was inadequate to prevent the foregoing misconduct; (iii) the foregoing conduct would foreseeably have a negative impact on Papa John’s business and operations, and expose Papa John’s to reputational harm, heightened regulatory scrutiny, and legal liability; and (iv) as a result, Papa John’s public statements were materially false and misleading at all relevant times.
On January 9, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. On February 14, Lead Plaintiff voluntarily dismissed one of the individual Defendants. On February 19, Lead Plaintiff filed an amended Complaint.
Company & Securities Information
Defendant: Papa John's International, Inc.
Headquarters: United States
Ticker Symbol: PZZA
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
Joanne E. Danker, et al. v. Papa John's International, Inc., et al.