An investigation on behalf of investors in Domino’s Pizza, Inc. (NYSE:DPZ) shares over potential wrongdoing at Domino’s Pizza, Inc. was announced and NYSE:DPZ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/26/2015 -- An investigation on behalf of current long-term investors in shares of Domino's Pizza, Inc. (NYSE:DPZ) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Domino's Pizza, Inc.
Investors who purchased shares of Domino's Pizza, Inc. (NYSE:DPZ) in 2011 or earlier and currently hold any of those NYSE:DPZ shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Domino's officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
A former franchisee has reportedly filed two complaints through the Securities and Exchange Commission against Domino's Pizza, Inc. and certain of its executives. The former franchisee reportedly alleges in one complaint that Domino's Pizza mislead investors in its SEC annual filing. More specifically, the former franchisee reportedly claims in one of his complaints that Domino's Pizza Inc falsely specified franchisees were not required to purchase food and supplies from the franchisor, nor was it agreed by a 100 percent unanimous vote by franchisees to increase Domino's advertising fund. The former franchisee reportedly claims that all executives named in the whistleblower complaints have knowledge of the alleged ongoing conduct.
Domino's Pizza, Inc. reported that its Total Revenue rose from over $1.57 billion for the 52 weeks period that ended on January 2, 2011 to over $1.8 billion for the 52 weeks period that ended on December 29, 2013 and that its respective Net Income increased from $87.92 million to $142.99 million. Shares of Domino's Pizza, Inc. (NYSE:DPZ) grew from under $12 per share in early 2011 to as high as $103.92 per share on January 13, 2014.
On January 22, 2015, NYSE:DPZ shares closed at $99.01 per share.
Those who purchased shares of Domino's Pizza, Inc. (NYSE:DPZ) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com