9
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.
Advertisements
Following the announcement, Domino’s shares fell by as much as 2.8%, trading at A$29.10.
Advertisements
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.
Advertisements
Advertisements
