Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of The Wendy's Company (NASDAQ: WEN) 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 The Wendy's Company (NASDAQ: WEN) concerning whether a series of statements by The Wendy's Company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On January 27, 2016, it was reported that Wendy's is investigating claims of a possible credit card breach at some locations.  

On May 11, 2016, the Company filed its quarterly statement on Form 10-Q with the SEC and disclosed that "the Company engaged cybersecurity experts to conduct a comprehensive investigation into unusual credit card activity at some Wendy's restaurants". As a result of the investigation, Wendy's believes that malware affected one particular point of sale system at less than 300 of its North America Wendy's franchised restaurants.

 On June 9, 2016, Wendy's issued a press release in regards to its investigation disclosing that the Company "discovered a variant of the malware, similar in nature to the original, but different in its execution. The attackers used a remote access tool to target a POS system that, as of the May 11th announcement, the Company believed had not been affected.  This malware has been discovered on some franchise restaurants' POS systems, and the number of franchise restaurants impacted by these cybersecurity attacks is now expected to be considerably higher than the 300 restaurants already implicated. To date, there has been no indication in the ongoing investigation that any Company-operated restaurants were impacted by this activity."

Based in Dublin, Ohio, and founded in 1969 The Wendy's Company operates as a quick service restaurant company.

If you purchased shares of The Wendy's Company (NASDAQ: WEN) you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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