Papa John's Kept Mum About #MeToo Risks, Investors Claim
Law360 (July 16, 2020, 5:41 PM EDT) -- Investors in Papa John's International Inc. on Wednesday asked a Manhattan federal judge to keep alive their suit alleging #MeToo-related misrepresentations by the pizza chain and its brass, arguing that the company's warnings about the reputational risks it faced didn't properly reflect the actual accusations already raised against it.
In a memo opposing the company's dismissal bid, the investors said that as the #MeToo movement "dramatically altered" the risk landscape for companies, Papa John's risk statements in U.S. Securities and Exchange Commission filings, paired with its brass's "extensive knowledge of wrongdoing," amounted to willful misdirection.
"Defendants failed to disclose that Papa...
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