Papa John's Wants Out Of Renewed #MeToo Investor Suit
Law360 (June 2, 2020, 8:16 PM EDT) -- Papa John's has again asked a New York federal judge to dismiss a proposed securities fraud class action over a stock drop following #MeToo media reports of the pizza empire's workplace culture fostered by two top executives, saying public comments the company made weren't misleading.
The pizza chain, along with former CEO John Schnatter and his successor Steve Ritchie, said in motions to dismiss Monday that the latest complaint, filed on April 30 by lead plaintiff Oklahoma Law Enforcement Retirement System, fails to show that Papa John's International Inc. and its top executives had a duty to disclose to shareholders their...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!