Investor Drops Suit Against Panera Bread Over $7.5B Merger

Law360, New York (July 14, 2017, 8:48 PM EDT) -- An investor in Panera Bread Co. has agreed to end his proposed class action against the fast-casual restaurant chain over alleged shortcomings in its disclosures surrounding its $7.5 billion acquisition by JAB Holding, according to a dismissal stipulation filed in Missouri federal court on Friday.

Investor John Remorenko had accused Panera of violating federal securities law by issuing an allegedly incomplete proxy statement in June in connection with the JAB deal, but according to Friday's stipulation, Panera provided additional disclosures about the deal in a supplemental...
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