KFC Operator Hid Tainted Chicken Info, Shareholders Say

Law360, New York (May 22, 2013, 4:11 PM EDT) -- Yum! Brands Inc., which runs Pizza Hut, KFC and Taco Bell restaurants, artificially inflated its stock price by hiding signs that it was buying meat pumped full of antibiotics from its Chinese suppliers, a shareholder alleged in a derivative complaint filed Tuesday in Kentucky federal court.

Shareholder Jennifer Zona alleged in her complaint that Yum didn't tell shareholders about emerging reports in China that one of the company's suppliers had provided it chicken that had high levels of toxic chemicals, allowing the company's stock to trade...
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Case Information

Case Title

Zona v. Novak et al


Case Number

3:13-cv-00506

Court

Kentucky Western

Nature of Suit

Stockholders Suits

Judge

David J. Hale

Date Filed

May 21, 2013

Companies

UK Financial Services

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