SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Papa John's International, Inc. (PZZA)
NEW YORK, July 20, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Papa John's International, Inc. ("Papa John's" or the "Company") (NASDAQ: PZZA). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/pzza.
The investigation concerns whether Papa John's and certain of its officers and/or directors have violated federal securities laws.
On July 10, 2018, post-market, and July 11, 2018, media outlets reported that the Company's founder, John Schnatter, had used a racial slur during a conference call in May 2018. On this news, Papa John's stock price fell $2.46 per share, or 4.84%, to close at $48.33 per share on July 11, 2018. Later that day, Papa John's announced Schnatter's resignation as chairman of the Company's board. Then, on July 19, 2018, Forbes published an article entitled "The Inside Story of Papa John's Toxic Culture." Citing "interviews with 37 current and former Papa John's employees—including numerous executives and board members," the Forbes article reported that "Schnatter's alleged behavior ranges from spying on his workers to sexually inappropriate conduct, which has resulted in at least two confidential settlements." On this news, Papa John's stock price fell $2.60, or 4.85%, to close at $51.00 per share on July 19, 2018.
If you are aware of any facts relating to this investigation, or purchased Papa John's shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/pzza. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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