Domino’s Pizza, Inc. (NasdaqGS: DPZ)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Domino’s Pizza, Inc. (“Domino’s”) (NasdaqGS: DPZ).

Domino’s Pizza Enterprises Limited (“DPE”), the Company’s largest master franchisee, faced significant difficulties in 2023 that required it to close a substantial number of stores. Domino’s allegedly portrayed those difficulties as behind it, even though they persisted into 2024. Despite the ongoing problems at DPE, Domino’s continued to express optimism about the Company’s growth prospects. Then, in its second-quarter 2024 earnings release in July 2024, the Company 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 [DPE], one of its master franchisees,” and that it is “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.”

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

KSF’s investigation is focusing on whether officers and/or directors of Domino’s breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Domino’s shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at (833) 938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.