Domino's Australia Faces Class Action Over Misleading Statements Regarding Japan Market

Reported about 1 month ago

Domino's Pizza Enterprises in Australia has been served with a shareholder class action lawsuit alleging misleading conduct concerning its performance expectations in Japan. The suit, filed by Echo Law, involves shareholders who entered equity swap agreements between August and November 2021, and is tied to a previous statement made by the company about its strong sales and store openings in Japan. Following the news, Domino's shares dropped by 2.5%.

Source: YAHOO

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