A class action lawsuit has been filed against Domino’s Pizza, Inc. (DPZ) on behalf of investors who purchased DPZ securities between December 7, 2023, and July 17, 2024.
The lawsuit alleges that Domino’s misled investors about its growth projections, specifically regarding the performance of its largest master franchisee, DPE.
On July 18, 2024, Domino’s announced that it would fall short of its 2024 goal of 925+ net stores due to challenges faced by DPE.
As a result, Domino’s stock price fell 13.57% to $409.04 per share on July 18, 2024.
Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by November 19, 2024.
Shareholders who choose to participate in the case may be eligible for a recovery, and representation is on a contingency fee basis, with no fees or expenses paid by the shareholders.
For more information, submit a form, email attorney Aaron Dumas, Jr., or call (800) 350-6003.
SOURCE Robbins LLP
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