Domino’s Pizza Lawsuit: Investors Who Lost Over $100,000 Can Join Class Action

Domino’s Pizza Lawsuit: Investors Who Lost Over $100,000 Can Join Class Action

Investors who suffered losses exceeding $100,000 in Domino’s Pizza, Inc. (DPZ) stock between December 7, 2023 and July 17, 2024, are being encouraged to join a potential class action lawsuit. The lawsuit alleges that Domino’s misled investors about its financial performance and growth prospects.

The lawsuit, filed by the securities law firm Faruqi & Faruqi, LLP, claims that Domino’s and its executives made false and misleading statements about the company’s financial health. The firm alleges that Domino’s failed to disclose the significant challenges its largest master franchisee, DPE, was experiencing with new store openings and closures of existing stores. As a result, the company was unable to meet its own long-term guidance for annual global net store growth.

The lawsuit cites Domino’s July 18, 2024 press release announcing its Q2 2024 financial results, where the company admitted that it expected to fall significantly short of its store growth goals due to challenges faced by DPE. Domino’s stock price dropped 13.57% on this news.

Faruqi & Faruqi, LLP is investigating potential claims against Domino’s Pizza, Inc. and encourages investors who suffered losses exceeding $100,000 to contact the firm directly to discuss their options. The firm is seeking a lead plaintiff, the investor with the largest financial interest in the lawsuit, who will represent the class of investors. Anyone with information regarding Domino’s conduct is encouraged to contact the firm.

If you are an investor who suffered losses exceeding $100,000 in Domino’s stock between December 7, 2023 and July 17, 2024, you can contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss your legal rights. You can also find additional information on the firm’s website at www.faruqilaw.com/DPZ.

This information is provided for informational purposes only and does not constitute legal advice. You should consult with an attorney to discuss your specific legal rights and options.

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