Lawsuit for Investors in Shares of Papa John's International, Inc. (NASDAQ: PZZA) Announced by Shareholders Foundation

SAN DIEGO, CA, September 18, 2018 (Newswire.com) - The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in shares of Papa John's International, Inc. (NASDAQ: PZZA).

Investors, who purchased shares of Papa John's International, Inc. (NASDAQ: PZZA), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On July 10, 2018, after the market closed, and July 11, 2018, media outlets reported that Papa John's founder, John Schnatter, used a racial slur during a conference call in May 2018. Later that day, Papa John's announced Schnatter's resignation as chairman of Papa John's board.

On July 19, 2018, an article was published entitled "The Inside Story of Papa John's Toxic Culture." Citing "interviews with 37 current and former Papa John's employees - including numerous executives and board members," the article reported that "Schnatter's alleged behavior ranges from spying on his workers to sexually inappropriate conduct, which has resulted in at least two confidential settlements."

On July 26, 2018, it was reported that the founder and ousted former chairman of Papa John's International Inc sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents. The complaint comes after a request by John Schnatter and his attorneys access to company documents to inspect accusations of allegedly inappropriate behavior.

On August 30, 2018, a lawsuit was filed against Papa John's International, Inc. over alleged securities laws violations. More specifically, the plaintiff claims that the defendants made materially false and/or misleading statements and/or failed to disclose that Papa John's executives, including John H. Schnatter, engaged in a pattern of sexual harassment and other inappropriate workplace conduct, that Papa John's Code of Ethics and Business Conduct was inadequate to prevent the foregoing misconduct, that the foregoing conduct would foreseeably have a negative impact on Papa John's business and operations, and expose Papa John's to reputational harm, heightened regulatory scrutiny, and legal liability, and that as a result, Papa John's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased Papa John's International, Inc. (NASDAQ: PZZA) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.