Holzer Holzer & Fistel, LLC Announces Investigation into YUM! Brands, Inc.
Holzer Holzer & Fistel, LLC is investigating whether YUM! Brands, Inc.
(“YUM!” or the “Company”) (YUM) and/or certain of its officers violated
the federal securities laws. The investigation focuses on a series of
statements made between October 9, 2012 and January 7, 2013, inclusive,
regarding the Company’s business, its prospects and its operations.
Specifically, the firm is reviewing YUM!’s statements relating to, among
other things, the profitability of its Chinese operations during that
time to determine if those disclosures complied with applicable laws.
On November 23, 2012, reports in the Chinese media claimed that certain
of the Company’s chicken suppliers fed toxic chemicals to chickens sold
to KFC China. On January 7, 2013, YUM! revealed it was lowering its
sales forecasts for its China Division as a result of the “adverse
publicity associated with a government review of China poultry supply.”
The price of YUM! stock declined significantly following these
disclosures.
If you purchased YUM! common stock between October 9, 2012 and January
7, 2013 and have questions concerning your legal rights, you are
encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys
Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com,
or mdees@holzerlaw.com, or via
toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that
dedicates its practice to vigorous representation of shareholders and
investors in litigation nationwide, including shareholder class action
and derivative litigation. More information about the firm is available
through its website, www.holzerlaw.com
and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for
the dissemination of this promotional communication, and Michael I.
Fistel, Jr. is the attorney responsible for its content.
