Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Papa John's International Inc (NASDAQ: PZZA) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if 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 Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 10, 2018, and July 11, 2018, Papa John’s founder John Schnatter used a racial slur during a meeting in May 2018.
Following this news, NASDAQ: PZZA fell by approximately 5% on July 11, 2018.
On the same day, Papa John's revealed John Schnatter's resignation as chairman of the Company's board.
On July 19, 2018, an article was published by Forbes entitled "The Inside Story of Papa John's Toxic Culture." According to the article, "interviews with 37 current and former Papa John's employees - including numerous executives and board members," 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."
Following this news, NASDAQ: PZZA fell $2.60, or 4.85%, to close at $51.00 per share on July 19, 2018.
Based in Louisville, Kentucky, and founded in 1984 Papa John's International Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally.
If you purchased shares of Papa John's International Inc (NASDAQ: PZZA) on or before July 10, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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