Workflow
Krispy Kreme(DNUT)
icon
Search documents
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Krispy Kreme, Inc.(DNUT) Shareholders
GlobeNewswire News Room· 2025-06-27 20:11
Core Viewpoint - A class action securities lawsuit has been filed against Krispy Kreme, Inc. due to alleged securities fraud affecting investors between February 25, 2025, and May 7, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that demand for Krispy Kreme products significantly declined at McDonald's locations following the initial marketing launch [2]. - It is alleged that the drop in demand at McDonald's was a key factor in the decrease of average sales per door per week [2]. - The partnership with McDonald's is claimed to be unprofitable, posing a substantial risk to its continuation [2]. - As a result of these issues, the company is said to have paused its expansion into new McDonald's locations [2]. - The defendants' positive statements regarding the company's business and prospects are alleged to be materially misleading and lacking a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request appointment as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].
Contact The Gross Law Firm by July 15, 2025 Deadline to Join Class Action Against Krispy Kreme, Inc.(DNUT)
Prnewswire· 2025-06-26 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Krispy Kreme, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its partnership with McDonald's and the demand for its products [1]. Group 1: Allegations - The complaint alleges that demand for Krispy Kreme products significantly declined at McDonald's locations following the initial marketing launch [1]. - It is claimed that the declining demand at McDonald's was a key factor in the reduction of average sales per door per week [1]. - The partnership with McDonald's is alleged to have been unprofitable, posing a substantial risk to the continuation of the partnership [1]. - As a result of these issues, the company is said to have paused its expansion into new McDonald's locations [1]. - The defendants' positive statements regarding the company's business and prospects are claimed to be materially misleading and lacking a reasonable basis [1]. Group 2: Class Action Details - Shareholders who purchased shares of DNUT during the class period from February 25, 2025, to May 7, 2025, are encouraged to register for the class action [2]. - The deadline for shareholders to seek lead plaintiff status is July 15, 2025, and there is no cost or obligation to participate in the case [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflate stock prices [3].
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Krispy Kreme, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DNUT
GlobeNewswire News Room· 2025-06-25 16:22
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Krispy Kreme, Inc. securities between February 25, 2025, and May 7, 2025, of the July 15, 2025, deadline to become a lead plaintiff in a class action lawsuit [1][2]. Group 1: Class Action Details - A class action lawsuit has been filed against Krispy Kreme, and investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. - To participate in the class action, investors can submit a form or contact the law firm for more information [2][5]. - The lawsuit claims that Krispy Kreme made false and misleading statements regarding its partnership with McDonald's, which affected sales and expansion plans [4]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a successful track record in securities class actions [3]. - Rosen Law Firm has a history of significant settlements, including over $438 million secured for investors in 2019 [3]. - The firm has been recognized for its performance in securities class action settlements, ranking in the top 4 since 2013 [3].
Class Action Filed Against Krispy Kreme, Inc. (DNUT) Seeking Recovery for Investors – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-06-24 20:17
Core Viewpoint - A class action securities lawsuit has been filed against Krispy Kreme, Inc. alleging securities fraud that negatively impacted investors between February 25, 2025, and May 7, 2025 [1][2] Group 1: Allegations of the Lawsuit - The lawsuit claims that demand for Krispy Kreme products significantly declined at McDonald's locations following the initial marketing launch [2] - It is alleged that the drop in demand at McDonald's contributed to a decrease in average sales per door per week [2] - The partnership with McDonald's is claimed to be unprofitable, posing a substantial risk to its continuation [2] - As a result of these issues, the company is said to have paused its expansion into new McDonald's locations [2] - The defendants' positive statements regarding the company's business and prospects are alleged to be materially misleading and lacking a reasonable basis [2] Group 2: Next Steps for Affected Investors - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [3] - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4]
Lynch Carpenter Investigates Claims in Krispy Kreme Data Breach
GlobeNewswire News Room· 2025-06-24 16:44
Core Points - Krispy Kreme Doughnut Corporation announced a cybersecurity incident affecting the personal information of tens of thousands of employees [1] - The data breach potentially compromised sensitive information including names, dates of birth, contact information, Social Security Numbers, Driver's license ID, financial account information, and health insurance information [1] Legal Investigation - Lynch Carpenter, LLP is investigating claims against Krispy Kreme related to the data breach [2] - Individuals who received a data breach notification from Krispy Kreme may be entitled to compensation [2] About Lynch Carpenter - Lynch Carpenter is a national class action law firm with a focus on data privacy matters and has represented millions of clients over more than a decade [3] - The firm has earned national acclaim for complex litigation for plaintiffs across the country [3]
McDonald's, Krispy Kreme ending doughnut deal after one year: ‘Unsustainable for us'
New York Post· 2025-06-24 15:07
Core Insights - McDonald's and Krispy Kreme will end their partnership in the US by July due to cost management issues [1][2] - The partnership aimed to sell Krispy Kreme's doughnuts at over 14,000 McDonald's locations, but only 2,400 stores offered the product [1][5] - Krispy Kreme's CEO stated that aligning costs with unit demand was unsuccessful, making the partnership unsustainable [2] Company Performance - Krispy Kreme has withdrawn its annual forecast and is reassessing the deployment schedule for the partnership [3][7] - The company's shares have decreased by approximately 70% this year, reflecting significant market challenges [3] - McDonald's indicated that Krispy Kreme was a small, non-material part of its breakfast business, which is a core pillar of its strategy [6] Market Strategy - McDonald's has been focusing on enhancing its breakfast menu by introducing new items and marketing efforts [4] - The partnership's failure highlights the challenges in integrating external products into established fast-food operations [1][2]
McDonald's and Krispy Kreme end brief partnership over unsustainable costs
Proactiveinvestors NA· 2025-06-24 14:39
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
McDonald's and Krispy Kreme will end doughnut partnership next month
CNBC· 2025-06-24 14:02
Core Viewpoint - Krispy Kreme and McDonald's are ending their partnership due to unsustainable business conditions for Krispy Kreme, despite initial success for McDonald's [1][2]. Group 1: Partnership Details - The partnership allowed Krispy Kreme doughnuts to be sold in 2,400 McDonald's locations, but sales slowed down, leading to a pause in May [1]. - The companies had previously announced plans to expand the partnership nationwide by 2026, which will no longer proceed [1]. Group 2: Financial Implications - Krispy Kreme withdrew its full-year financial outlook, citing economic "softness" as a contributing factor [1]. - The agreement was described as a "small, non-material" part of McDonald's breakfast business [2]. Group 3: Market Reactions - Following the announcement, McDonald's shares dipped slightly, while Krispy Kreme's stock rose by more than 1% [3]. - McDonald's has experienced sluggish sales, with its largest same-store sales decline since 2020 reported in the first quarter [3]. - Krispy Kreme reported a loss of approximately $33 million in its first quarter and has seen its shares plunge about 73% this year [3].
KRISPY KREME, INC. (NASDAQ: DNUT) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds Krispy Kreme, Inc. Investors of Upcoming Deadline
GlobeNewswire News Room· 2025-06-23 12:30
NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Krispy Kreme, Inc. ("Krispy Kreme" or the "Company") (NASDAQ: DNUT) investors of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. Should You Join This Class Action Lawsuit? If you purchased or acquired Krispy Kreme securities, and/or would like to discuss your legal rights and options please visit Krispy Kreme, Inc. Shareholder Clas ...
DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Krispy Kreme Doughnut Corporation Customers Whose Data May Have Been Compromised
GlobeNewswire News Room· 2025-06-20 22:04
Core Insights - Krispy Kreme Doughnut Corporation is under investigation for data privacy violations following unauthorized activity detected on its network around November 29, 2024 [1][3] - The company confirmed that certain personal information may have been compromised as a result of this incident, with the investigation concluding on May 22, 2025 [3] Company Overview - Krispy Kreme was founded in 1937 in North Carolina and has grown to operate over 1,400 shops globally [2] Incident Details - Unauthorized activity on Krispy Kreme's information technology systems was first identified on or about November 29, 2024 [3] - The investigation revealed that personal information, including names combined with other personal details, may have been affected [4] Legal Actions - Edelson Lechtzin LLP is investigating a potential class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised [5]