GRABAR LAW OFFICE INVESTIGATES CLAIMS AGAINST OFFICERS OF DOMINOS PIZZA, INC. (NASDAQ: DPZ)
Domino’s Pizza, Inc., through its subsidiaries, operates as a global pizza company in three segments: U.S. Stores, International Franchise, and Supply Chain. The Company’s largest “master franchisee” is Domino’s Pizza Enterprises (“DPE”) which, as of December 31, 2023, operated 3,840 stores in 12 international markets, accounting for approximately 28% of the Company’s international store count and 19% of its global store count. This lawsuit was filed against the Company and two of its Officers.
As alleged in a recently filed securities fraud class action complaint, Domino’s Pizza, Inc. (NASDAQ: DPZ), through certain of its officers, made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the underlying complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) DPE, the Company's largest master franchisee, was experiencing significant challenges with respect to both new store openings and closures of existing stores; (ii) as a result, Domino's was unlikely to meet its own previously issued long-term guidance for annual global net store growth; (iii) accordingly, Domino's business and/or financial prospects were overstated; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
If you purchased Domino’s shares prior to December 7, 2023 and still hold shares today, you are encouraged to contact Joshua Grabar at [email protected], or call 267-507-6085. You may be able to seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.