Domino’s Pizza, Inc. Class Action Lawsuit - DPZ
Case Summary
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The Domino’s Pizza class action lawsuit seeks to represent purchasers or acquirers of Domino’s Pizza, Inc. (NYSE: DPZ) securities between December 7, 2023 and July 17, 2024, inclusive (the “Class Period”). Captioned Bender v. Domino’s Pizza, Inc., No. 24-cv-12477 (E.D. Mich.), the Domino’s Pizza class action lawsuit charges Domino’s Pizza and certain of Domino’s Pizza’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Domino’s Pizza class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Domino’s Pizza class action lawsuit must be filed with the court no later than November 19, 2024.
CASE ALLEGATIONS: Domino’s Pizza, through its subsidiaries, operates as a pizza company in the United States and internationally.
The Domino’s Pizza class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Domino’s Pizza Enterprises (“DPE”), Domino’s Pizza’s largest master franchisee, was experiencing significant challenges with respect to both new store openings and closures of existing stores; and, as a result, Domino’s Pizza was unlikely to meet its own previously issued long-term guidance for annual global net store growth.
The Domino’s Pizza class action lawsuit further alleges that on July 18, 2024 Domino’s Pizza disclosed that it “expects it will fall 175 to 275 stores below its 2024 goal of 925+ net stores in international primarily as a result of challenges in both openings and closures being faced by Domino’s Pizza Enterprises (‘DPE’), one of its master franchisees” and that Domino’s Pizza was “temporarily suspending its guidance metric of 1,100+ global net stores until the full effect of DPE’s store opens and closures on international net store growth are known.” On this news, the price of Domino’s Pizza stock fell by more than 13%, according to the Domino’s Pizza class action lawsuit.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or otherwise acquired Domino’s Pizza securities during the Class Period to seek appointment as lead plaintiff in the Domino’s Pizza class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Domino’s Pizza class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Domino’s Pizza class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Domino’s Pizza class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.