July 19, 2017
Three more Panera Bread Co. shareholders have agreed to drop proposed class actions in Missouri and Delaware federal court accusing the fast-casual restaurant chain of providing insufficient disclosures related to its $7.5 billion acquisition by JAB Holding, saying a June supplemental filing by the company addressed their concerns.
June 08, 2017
Panera was hit with at least one securities suit in federal court Thursday accusing the fast-casual restaurant chain and its leadership of issuing a misleading proxy statement relating to its roughly $7.5 billion acquisition by JAB Holding, one day after two shareholders each filed similar proposed class actions.