February 14, 2011
Panera Bread Co. has agreed to pay $5.75 million to settle a consolidated shareholder class action accusing the company and its directors of making false and misleading projections about its future growth based on a new strategy and a new pizza.
March 18, 2010
A federal judge has significantly narrowed the scope of a shareholder class action against Panera Bread Co., finding that statements the company made in 2005 and 2006 about business growth were protected by the safe harbor rule of the Securities Exchange Act.