{"id":404924,"date":"2020-12-22T21:03:07","date_gmt":"2020-12-23T02:03:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404924"},"modified":"2020-12-22T21:03:07","modified_gmt":"2020-12-23T02:03:07","slug":"restaurant-brands-international-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-restaurant-brands-international-inc-and-encourages-investors-to-co","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/restaurant-brands-international-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-restaurant-brands-international-inc-and-encourages-investors-to-co\/","title":{"rendered":"RESTAURANT BRANDS INTERNATIONAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Restaurant Brands International, Inc. and Encourages Investors to Contact the Firm"},"content":{"rendered":"

<\/p>\n

RESTAURANT BRANDS INTERNATIONAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Restaurant Brands International, Inc. and Encourages Investors to Contact the Firm<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nBragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Restaurant Brands International, Inc. (NYSE: QSR) common stock between April 29, 2019 and 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.\n<\/p>\n

\nClick here<\/a> to participate in the action.\n<\/p>\n

\nOn April 24, 2018, Restaurant Brands announced a new strategy designed to improve performance within the Company\u2019s Tim Hortons brand. Specifically, the \u201cWinning Together Plan\u201d would focus on three key pillars: restaurant experience; product excellence; and brand communications.\n<\/p>\n

\nOn March 20, 2019, Restaurant Brands announced \u201cTims Rewards\u201d\u2014a new loyalty program for Tim Hortons customers in Canada. Under the Tims Rewards program, customers would be eligible for a free hot brewed coffee, hot tea, or baked good after every seventh paid visit to a participating Tim Hortons restaurant. On April 10, 2019, Restaurant Brands announced that it was expanding the Tims Rewards program to include customers in the United States.\n<\/p>\n

\nThroughout the Class Period, Defendants repeatedly touted the implementation and execution of the Company\u2019s Winning Together Plan and Tims Rewards loyalty program. On the heels of the Company 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.\n<\/p>\n

\nOn October 28, 2019, mere weeks after the offerings were completed, investors learned the truth about Tim Hortons\u2019s hyped growth initiatives when the Company announced disappointing financial results for the third quarter ended September 30, 2019. Specifically, Defendants acknowledged that \u201cresults at Tim Hortons were not where we want them to be with global comparable sales dipping into negative territory\u201d and admitted that \u201cdiscounting [associated with Tims Rewards] is slightly more than offsetting the traffic levels, which is causing a little bit of softness in sales.\u201d\n<\/p>\n

\nOn this news, the price of Restaurant Brands common stock declined $2.59 per share, or approximately 4%, from a close of $68.45 per share on October 25, 2019, to close at $65.86 per share on October 28, 2019.\n<\/p>\n

\nThe complaint, filed on December 21, 2020, alleges that throughout the Class Period defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts, about the Company\u2019s business and operations. Specifically, defendants misrepresented and\/or failed to disclose that: (1) the Company\u2019s 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, defendants\u2019 statements about the Company\u2019s business, operations, and prospects lacked a reasonable basis.\n<\/p>\n

\nIf you purchased Restaurant Brands common stock during the Class Period and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com<\/a>, telephone at (212) 355-4648, or by filling out this contact form.<\/a> There is no cost or obligation to you.\n<\/p>\n

About Bragar Eagel & Squire, P.C.:<\/b><\/p>\n

\nBragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201222005698\/en\/<\/a><\/span><\/p>\n

\nBragar Eagel & Squire, P.C.
\n
Brandon Walker, Esq.
\n
Melissa Fortunato, Esq.
\n
Marion Passmore, Esq.
\n
(212) 355-4648
\n
investigations@bespc.com
\n<\/a>
www.bespc.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

RESTAURANT BRANDS INTERNATIONAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Restaurant Brands International, Inc. and Encourages Investors to Contact the Firm NEW YORK–(BUSINESS WIRE)– Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Restaurant Brands International, Inc. (NYSE: QSR) common stock between April 29, 2019 and 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. Click here to participate in the action. On … <\/p>\n

Continue reading “RESTAURANT BRANDS INTERNATIONAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Restaurant Brands International, Inc. and Encourages Investors to Contact the Firm”<\/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-404924","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRESTAURANT BRANDS INTERNATIONAL ALERT: Bragar Eagel & Squire, P.C. 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