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Sept 9 – Domino’s Pizza Enterprises (DMP.AX) in Australia has been hit with a shareholder class action. The lawsuit alleges that the company misled investors in 2021 about its performance expectations in Japan.
In a market filing on Monday, Domino’s denied any wrongdoing and stated that it will vigorously defend itself against the claims.
Following the announcement, Domino’s shares fell by as much as 2.8%, trading at A$29.10.
The legal action was filed by consultancy Echo Law on behalf of shareholders who invested in Domino’s through equity swap agreements between August 18, 2021, and November 3, 2021.