Hooters Securities Case Kicked To Mediation

Law360, New York (October 09, 2013, 1:41 PM ET) -- A Florida federal judge on Tuesday sent to mediation the putative class action brought by disgruntled shareholders alleging a Hooters franchisee lied about its South African restaurants’ financial statements being audited before an ill-fated $10.1 million initial public offering.

Chief Magistrate Judge Barry S. Seltzer of the Southern District of Florida signed the mediation order in the dispute between shareholders and Chanticleer Holdings Inc., requiring all parties to agree on a mediator within 14 days.

The shareholders allege that Chanticleer, which operates four Hooters restaurants in...
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Case Title

Howard v. Chanticleer Holdings, Inc. et al


Case Number

9:12-cv-81123

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

James I. Cohn

Date Filed

October 12, 2012

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