NEW YORK, NY / ACCESS Newswire / May 5, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Jack in the Box Inc. ("Jack in the Box") (NASDAQ:JACK) concerning possible violations of federal securities laws.
On April 23, 2025, Jack in the Box issued a press release announcing plans to close 150 to 200 "underperforming locations" and explore a sale of its Del Taco brand. Jack in the Box's CEO said that the restaurant closures are aimed at "addressing our balance sheet to accelerate cash flow and pay down debt," with the Company hoping to pay off $300 million in debt over the next two years.
On this news, Jack in the Box's stock price fell 4.72%, to close at $23.96 per share on April 24, 2025. To obtain additional information, go to:
https://zlk.com/pslra-1/jack-in-the-box-lawsuit-submission-form?prid=146892&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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