Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against Restaurant Brands International Inc. (QSR)
RADNOR, Pa., Jan. 28, 2021 (GLOBE NEWSWIRE) – Law firm Kessler Topaz Meltzer & Check, LLP announces that the law firm has filed a security fraud class action against Restaurant Brands International Inc. (“Restaurant Brands”). ) on behalf of those who have bought or acquired Restaurant Brands (NYSE: QSR) common stock between April 29, 2019 and October 28, 2019 (including the “class period”).
Deadline of the lead plaintiff:: February 19, 2021
James Maro, Esq. (484) 270-1453
Adrienne Bell, Esq. (484) 270-1435
Toll Free (844) 887-9500
Restaurant Brands is one of the world’s largest restaurant chains with over 27,000 Tim Hortons, Burger King and Popeyes restaurants in more than 100 countries and US territories. On April 24, 2018, Restaurant Brands announced a new strategy to improve the performance of its Tim Hortons brand. In particular, the Winning Together Plan would focus on three key pillars: restaurant experience; Product quality; and brand communication. On March 20, 2019, Restaurant Brands announced “Tims Rewards” – a new loyalty program for Tim Hortons customers in Canada. On April 10, 2019, Restaurant Brands announced that the Tims Rewards program was expanding to customers in the United States.
On October 29, 2019, the truth emerged about Restaurant Brands’ implementation of the Winning Together Plan loyalty program and Tims Rewards when the company announced disappointing financial results for the third quarter ended September 30, 2019. Among other things, Restaurant Brands reported a Tim Hortons reported a system-wide revenue decline of 0.1% year over year, a 1.4% decline in revenue in the same store on system-wide revenue of $ 1.774 billion. Following the news, the price of Restaurant Brands common stock fell $ 2.59 per share, or approximately 4%, from a closing price of $ 68.45 per share on October 25, 2019 to $ 64.86 per share on October 28, 2019.
Restaurant Brands Investors Can no later than February 19, 2021, attempt to be appointed lead class agent by Kessler Topaz Meltzer & Check or other attorney, or choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the dispute. To be named lead plaintiff, the court must determine that the class member’s claim is typical of the claims of other class members and that the class member is adequately representing the class. Your ability to get involved in a recovery will not be affected by whether or not you will be the lead plaintiff.
Kessler Topaz Meltzer & Check pursues class action lawsuits in state and federal courts across the country that include securities fraud, fiduciary violations, and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force in corporate governance reform and has reclaimed billions of dollars on behalf of institutional and individual investors from the US and around the world. The company represents investors, consumers and whistleblowers (individuals who report fraudulent practices against the government and are involved in recovering government dollars). T Further information on Kessler Topaz Meltzer & Check can be found at www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro Jr., Esq.
Adrienne Bell, Esq.
280 Street of the King of Prussia
Radnor, PA 19087
(844) 887-9500 (toll free)