Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Domino's Pizza, Inc. (DPZ)

Core Viewpoint - A class action lawsuit has been filed against Domino's Pizza, Inc. for allegedly misleading investors regarding its business operations and financial prospects during the Class Period from December 7, 2023, to July 17, 2024 [1][4]. Group 1: Class Action Details - Investors have until November 19, 2024, to file a lead plaintiff motion in the class action lawsuit [1][6]. - The lawsuit claims that Domino's made materially false and misleading statements about its business and operations, particularly regarding its largest master franchisee, Domino's Pizza Enterprises (DPE) [4]. Group 2: Financial Impact - On July 18, 2024, Domino's reported that it expects to fall 175 to 275 stores short of its 2024 goal of 925+ net stores due to challenges faced by DPE [3]. - Following this announcement, Domino's stock price dropped by $64.23, or 13.6%, closing at $409.04 per share [3]. Group 3: Allegations Against the Company - The complaint alleges that Domino's failed to disclose significant challenges faced by DPE regarding new store openings and closures [4]. - It is claimed that these undisclosed issues led to an overstatement of Domino's business and financial prospects, making previous positive statements materially misleading [4].