An investigation for investors in Papa John’s International, Inc. (NASDAQ: PZZA) shares over potential securities laws violations by Papa John’s International, Inc. was announced and NASDAQ: PZZA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/06/2018 -- An investigation was announced concerning potential securities laws violations by Papa John's International and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Papa John's International, Inc. (NASDAQ: PZZA), 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 focuses on possible claims on behalf of purchasers of the securities of Papa John's International, Inc. (NASDAQ: PZZA) concerning whether a series of statements by Papa John's International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 10, 2018, after the market closed, and July 11, 2018, media outlets reported that Papa John's founder, John Schnatter, used a racial slur during a conference call in May 2018. Later that day, Papa John's announced Schnatter's resignation as chairman of Papa John's board.
Then, on July 19, 2018, an article was published 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 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 July 26, 2018, it was reported that the founder and ousted former chairman of Papa John's International Inc on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents. The complaint comes after a request by John Schnatter and his attorneys access to company documents to inspect accusations of allegedly inappropriate behavior.
Those who purchased shares of Papa John's International, Inc. (NASDAQ: PZZA) 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