Domino’s Pizza Faces Class Action Lawsuit Over Alleged Securities Fraud

A class action securities lawsuit has been filed against Domino's Pizza, Inc. (NYSE: DPZ), alleging that the company and its executives made false statements and concealed significant challenges affecting the business. The lawsuit, filed on behalf of shareholders, claims that between December 7, 2023, and July 17, 2024, Domino’s Pizza Enterprises experienced substantial difficulties with new store openings and closures of existing stores. This, according to the complaint, made it unlikely for the company to meet its previously issued long-term guidance for annual global net store growth.

The complaint alleges that defendants made false statements and/or concealed material information, leading to the overstatement of Domino’s business and financial prospects. As a result, the company’s public statements were materially false and misleading during the relevant period. Shareholders who suffered losses during this time frame are advised to contact Levi & Korsinsky, LLP, to discuss potential recovery under federal securities laws.

Levi & Korsinsky, LLP, a nationally recognized securities litigation firm, has a track record of securing hundreds of millions of dollars for aggrieved shareholders. The firm is urging affected investors to submit their information to learn about their rights to seek a recovery, emphasizing that there is no cost or obligation to participate.

In a separate development, Warren Buffett‘s Berkshire Hathaway has recently made investments in Domino’s Pizza, along with POOLCORP, highlighting ongoing market activities despite the legal challenges faced by the pizza chain.