BENSALEM, Pa., March 07, 2019 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith announces an investigation on behalf of Domino’s Pizza, Inc. investors (“Domino’s” or the “Company”) (NYSE: DPZ) concerning the Company and its officers’ possible violations of federal securities laws.
On February 19, 2019, the franchisee community website Blue MauMau reported that “[a] corporate insider has filed a well-documented whistleblower report with the U.S. Securities and Exchange Commission (SEC) against Domino’s Pizza, its top-level officers, and various staff members.” Specifically, Blue MauMau reported that “[t]he crux of the whistleblower report details how Domino’s allegedly forced and orchestrated an unapproved advertising and promotion increase to franchisees in order to pay a $1.85 billion Securitization Transaction (March 25, 2007) with a new partially funded $1.67 billion Securitization (March 15, 2012) debt owed to Securitization entities” and “contends that in return, Domino’s Pizza’s CEO, board members, officers, and employees ‘could enjoy higher stock prices and dividends through share repurchases and dividend payouts.'” On this news, shares of Domino fell sharply over the next two trading sessions, thereby injuring investors.
If you purchased Domino’s securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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