An investigation on behalf of current long term investors in Krispy Kreme, Inc. (NASDAQ: DNUT) shares.
An investigation was announced on behalf of current long-term investors in shares of Krispy Kreme, Inc. (NASDAQ: DNUT) concerning potential breaches of fiduciary duties by certain directors and officers of Krispy Kreme, Inc.
Investors who are current long term investors in Krispy Kreme, Inc. (NASDAQ: DNUT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NASDAQ: DNUT stocks follows a lawsuit filed against Krispy Kreme, Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: DNUT stocks, concerns whether certain Krispy Kreme, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Western District of North Carolina the plaintiff alleges that, the Defendants failed to disclose to investors that demand for Krispy Kreme products declined materially at McDonald’s locations after the initial marketing launch, that demand at McDonald’s locations was a driver of declining average sales per door per week, that the partnership with McDonald’s was not profitable, that the foregoing posed a substantial risk to maintaining the partnership with McDonald’s, that, as a result, the Company would pause expansion into new McDonald’s locations, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Krispy Kreme, Inc. (NASDAQ: DNUT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
