Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Restaurant Brands International, Inc. (QSR)
BENSALEM, Pa .– (BUSINESS WIRE) – Howard G. Smith’s law firms are reminding investors of the upcoming February 19, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors, Restaurant Brands International, Inc. (“Restaurant Brands “or” Restaurant Brands “). Common Shares of the Company ”) (NYSE: QSR) between April 29, 2019 and October 28, 2019 inclusive (the“ Class Period ”).
Investors suffering losses on their Restaurant Brands investments are requested to contact the Howard G. Smith law firms to exercise their statutory rights in this class action at 888-638-4847 or by emailing howardsmith @ howardsmithlaw. com to discuss.
Restaurant Brands is a Canadian company with over 27,000 Tim Hortons, Burger King and Popeyes restaurants in more than 100 countries and US territories.
On October 28, 2019, the company announced disappointing financial results for the third quarter ended September 30, 2019. In particular, Restaurant Brands and its executives have recognized that “Tim Hortons results have not been where we want them to be with globally comparable sales, negative territory” and admitted that “Discounting [associated with Tims Rewards] is a little more than compensating for the volume of traffic ”, which leads to“ weak sales ”.
In that news, the company’s share price fell $ 2.59, or 3.8%, to close at $ 65.86 per share on October 28, 2019, hurting investors.
The complaint filed alleges that throughout the class period, defendants made materially false and / or misleading statements and did not disclose material adverse facts about the company’s business, business and prospects. In particular, Defendants have failed to advise investors that: (1) Restaurant Brands’ Winning Together Plan has not resulted in any material, sustained improvement in the Tim Hortons brand; (2) The “Tims Rewards” loyalty program did not lead to sustainable sales growth, as increased customer traffic could not compensate for the discounts. and (3) as a result, Defendants’ statements about their business, operations and prospects were materially false and misleading and / or were unfounded at all relevant times.
If you purchased or otherwise acquired Restaurant Brands common stock during the classroom, you may move to court no later than February 19, 2021 to request the court to appoint you as the lead plaintiff if you meet certain legal requirements. To be a member of the class action, you do not need to take any action at this point. You can keep an attorney of your choice or you can take no action and remain an absent member of the class action. If you would like to learn more about this class action lawsuit, or if you have any questions about this announcement or your rights or interests in relation to these matters, please contact Howard G. Smith, Esquire, of the law firms of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at email@example.com, or visit our website at www.howardsmithlaw .com.
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