{"id":404769,"date":"2020-12-22T15:54:00","date_gmt":"2020-12-22T20:54:00","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404769"},"modified":"2020-12-22T15:54:00","modified_gmt":"2020-12-22T20:54:00","slug":"investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  22, 2020  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EBqJv-PapPaDc7IfITwrWLRvQ227SnJyagoAlO0uqFVvuPcM3Cct6CvQuizKsW2KmFPuES8EDW5pM07jpknCDw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney LLP<\/a> announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Restaurant Brands International Inc. (\u201cRestaurant Brands\u201d or the \u201cCompany\u201d) (NYSE: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=f6fMdgIZ5YryvtMiBr08f9jFAY-gqfgUedqxIiKi4ywygKh3nb-Wl2bZcvSBAoUR8nTSWYaTdJ0sIJ7ol7W69ZB6ua3gA8nCt81fPUwCESKrG-wUBsj_McbZqzcAXimp\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">QSR<\/a>) securities during the period from April 29, 2019 through October 28, 2019 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">Restaurant Brands is a Canadian corporation and headquartered in Toronto, Ontario. The Company is one of the world\u2019s largest restaurant chains with over 27,000 Tim Hortons, Burger King, and Popeyes restaurants in more than 100 countries and U.S. territories. The lawsuit alleges that, throughout the Class Period, the defendants repeatedly touted the implementation and execution of Restaurant Brands\u2019 Winning Together Plan and Tims Rewards loyalty program. On the heels of Restaurant Brands touting the benefits of these initiatives, the Company completed two stock offerings on or about August 12, 2019, and September 5, 2019, collectively resulting in proceeds of approximately $3 billion to insiders.<\/p>\n<p align=\"justify\">However, on October 29, 2019, the truth about Restaurant Brands\u2019 execution of its Winning Together Plan and Tims Rewards loyalty program was revealed when the Company announced disappointing financial results for the third quarter ended September 30, 2019. Among other things, Restaurant Brands reported a 0.1% system-wide year-over-year sales decline for Tim Hortons\u2014representing a 1.4% same-store sales decline\u2014on system-wide sales of $1.774 billion.\u00a0Following this news, the price of Restaurant Brands common stock declined $2.59 per share, or approximately 3.8%, from a close of $68.45 per share on October 25, 2019, to close at $65.86 per share on October 28, 2019.<\/p>\n<p align=\"justify\">The lawsuit alleges that, throughout the Class Period, the defendants misrepresented and\/or failed to disclose that: (1) Restaurant Brands\u2019 Winning Together Plan was failing to generate substantial, sustainable improvement within the Tim Hortons brand; (2) the Tims Rewards loyalty program was not generating sustainable revenue growth as increased customer traffic was not offsetting promotional discounting; and (3) as a result, the defendants\u2019 statements about Restaurant Brands\u2019 business, operations, and prospects lacked a reasonable basis.<\/p>\n<p align=\"justify\">If you purchased or otherwise acquired Restaurant Brands securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ec6VII5dGTpmAsfzuHMl2srzqwbxUKL23q4mZKosHzH11uAlKAnmiQnfDAGZ-PYk7V2MWWWK_P6wUMAhxTW9kicDFFVlDE-WRsCx9xNDlU8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Thomas W. Elrod<\/u><\/a> of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EBqJv-PapPaDc7IfITwrWP_bCaWoVXJ0tCzV7qAFeA0Tk7nQeENByZ6eiSlQNPL3Ojnon0ZWIxLqPYKiF3BoCQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>Kirby McInerney LLP<\/u><\/a> at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GQ6du6LApI-8SrzuLxedbqzEBfzzrhxLrIFrlbcM9g6IoievNpuZan1ZmJ0K6HZZozCRhJ1RwPgU-E7gQBztEsP0FuWpcAwS7d33r6gm0e0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a>, or by filling out this <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ISSrUq2rV9-4LlInmhSnJJfhb0y6uFB3cAFRwfhwUUpvaVbgzEic9F4brGuCAnexJQVFQexg4mD6sNBhoxp-QXeovf3Xl61E1EZFudqYWTYd9rYAUSjl7bB78mJ6xvbwZBtTyWIDzEx0FTxjpOA3dw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EBqJv-PapPaDc7IfITwrWLOf3L41yeJIDED0fwQA3p7BwUGNzlmrOpmlp889SOXp7a9YHQM7A3TyaBvp70bmsA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>Kirby McInerney LLP<\/u><br \/>\n        <\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=y4_e3_8rd3daTVDqyvMyyMFmt-8farZvJinEQse9Tp7rdXnMCCyvsPbjlcUNx3xD3AVRd38DebnQV30-QzGNnQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/www.kmllp.com<\/u><\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">Contacts<br \/>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq.<br \/>212-371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tt44826k-TuLGaMeZrBNLQKOm3XeaqgJOtqV00syNX4CGoeOcJv1F7ZB9EMbzOrZsPjzUEUaugmhHO7oggSQgg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/www.kmllp.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GQ6du6LApI-8SrzuLxedbqzEBfzzrhxLrIFrlbcM9g48GzpDheLFAKmWaiZwkZvDqc2Ptr0qXvd29jDaeZ2fRT9EzHsCV6dS2vO1WF65s5k=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@kmllp.com<\/u><\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjY5NSMzODkzNzk4IzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e2d9a8e2-315f-4884-9e73-dceba2320907\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Restaurant Brands International Inc. (\u201cRestaurant Brands\u201d or the \u201cCompany\u201d) (NYSE: QSR) securities during the period from April 29, 2019 through October 28, 2019 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Restaurant Brands is a Canadian corporation and headquartered in Toronto, Ontario. The Company is one of the world\u2019s largest restaurant chains with over 27,000 Tim Hortons, Burger King, and Popeyes restaurants in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404769","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Restaurant Brands International Inc. (\u201cRestaurant Brands\u201d or the \u201cCompany\u201d) (NYSE: QSR) securities during the period from April 29, 2019 through October 28, 2019 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Restaurant Brands is a Canadian corporation and headquartered in Toronto, Ontario. The Company is one of the world\u2019s largest restaurant chains with over 27,000 Tim Hortons, Burger King, and Popeyes restaurants in &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T20:54:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjY5NSMzODkzNzk4IzIwMjA2Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc.\",\"datePublished\":\"2020-12-22T20:54:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\\\/\"},\"wordCount\":508,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNjY5NSMzODkzNzk4IzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc. - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc. - Market Newsdesk","og_description":"NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Restaurant Brands International Inc. (\u201cRestaurant Brands\u201d or the \u201cCompany\u201d) (NYSE: QSR) securities during the period from April 29, 2019 through October 28, 2019 (the \u201cClass Period\u201d). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Restaurant Brands is a Canadian corporation and headquartered in Toronto, Ontario. The Company is one of the world\u2019s largest restaurant chains with over 27,000 Tim Hortons, Burger King, and Popeyes restaurants in &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-22T20:54:00+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjY5NSMzODkzNzk4IzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc.","datePublished":"2020-12-22T20:54:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/"},"wordCount":508,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNjY5NSMzODkzNzk4IzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-announces-the-filing-of-a-securities-class-action-lawsuit-against-restaurant-brands-international-inc\/","name":"INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc. - 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