Domino’s Investigation: Law Firm Claims Execs May Have ‘Engaged in Corporate Wrongdoing’

Domino’s could soon be facing another class action lawsuit. The attorneys at Bronstein, Gewirtz & Grossman, LLC are claiming that the pizza chain’s executives may have “engaged in corporate wrongdoing.” The firm is specifically asking those who purchased Domino’s shares for more information to support the allegations. Let’s take a look at what we know about this new development.

If You Purchased Domino’s Shares Before December 2023, You May Be Entitled to Compensation

According to Fox 5 San Diego, Bronstein, Gewirtz & Grossman, LLC is exploring potential claims for Domino’s Pizza, Inc. purchasers. Investors who purchased the pizza chain’s securities before Dec. 7, 2023, and continue to hold them today are encouraged to visit the firm’s website for further information and to aid the investigation.

The pending investigation focuses on whether “Domino’s and certain of its officers and/or directors have engaged in corporate wrongdoing.” The firm, however, did not make clear what that corporate misconduct entailed or what form of compensation investors were entitled to if they were successful in determining the misconduct.

The law firm also stated that it represents investors in class actions on a contingency basis. That means it will only ask the court to reimburse it for out-of-pocket expenses and attorneys’ fees if it is successful, which is usually a portion of the overall recovery.

If you have any information about this investigation or have purchased Domino’s shares, please visit the firm’s website. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660.

Bronstein, Gewirtz & Grossman, LLC is a nationally respected law practice representing investors in securities fraud class actions and shareholder derivative lawsuits. The law firm has recovered hundreds of millions of dollars for investors nationwide.

Previous Class Action Suit Was Related to Securities Fraud

If the name “Bronstein, Gewirtz & Grossman, LLC” sounds familiar, it’s because it’s the firm at the center of a previous class action lawsuit against Domino’s, which was filed in September 2024.

On Sept. 29, Bronstein, Gewirtz & Grossman, LLC issued a press statement informing Domino’s investors (referred to as “Defendants”) of the class action complaint.

The plaintiffs in this case, which seeks damages against the pizza company for alleged violations of federal securities laws, include all people and companies who purchased or otherwise acquired Domino’s stock between Dec. 7, 2023, and July 17, 2024. The firm put up a website where consumers can register claims.

“Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects,” the press release stated at the time. “Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) DPE, the Company’s largest master franchisee, was experiencing significant challenges with respect to both new store openings and closures of existing stores; (2) as a result, Domino’s was unlikely to meet its own previously issued long-term guidance for annual global net store growth; (3) accordingly, Domino’s business and/or financial prospects were overstated; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.”

Faruqi & Faruqi, LLP is another legal firm involved in the class action litigation, although they represent investors who lost more than $100,000 on their investments. Affected investors had until Nov. 19, 2024, to register a claim and receive their part of the settlement. There was no cost to join the class action lawsuit.