INTRODUCTION TO THE DOMINO’S PIZZA CLASs ACTION LAWSUIT

The Domino’s Pizza class action lawsuit seeks to represent purchasers or acquirers of Domino’s Pizza, Inc. (NYSE: DPZ) securities between December 7, 2023 and July 17, 2024, inclusive (the “Class Period”).  Captioned Bender v. Domino’s Pizza, Inc., No. 24-cv-12477 (E.D. Mich.), the Domino’s Pizza class action lawsuit charges Domino’s Pizza and certain of Domino’s Pizza’s top executives with violations of the Securities Exchange Act of 1934.

If you have suffered losses in Domino’s Pizza stock and are interested in becoming the lead plaintiff in the Domino’s Pizza class action lawsuit or have any inquiries regarding your rights as a shareholder, please reach out to Domino’s Pizza Stock Loss Lawyer Timothy L. Miles at no cost. You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form. Lead plaintiff motions for the Domino’s Pizza class action lawsuit seeks must be filed with the court no later than November 18, 2014.

Key Points of the DOMINO’S PIZZA Class Action Lawsuit

​The key allegations in the Domino’s Pizza class action lawsuit can be summarized as follows:
Misleading Statements

• Made false and/or misleading statements during the Class Period
• Failed to disclose crucial information about their largest master franchisee
• Failure to Disclose
• Concealed significant challenges faced by Domino’s Pizza Enterprises (DPE)
• Issues with new store openings
• Problems with closures of existing stores

Financial Misrepresentation

• Unlikely to meet previously issued long-term guidance
• Specifically regarding annual global net store growth
• Growth Projection Inaccuracies
• Overstated ability to meet 2024 goal of 925+ net stores in international markets
• Forced to suspend guidance metric of 1,100+ global net stores

Impact on Domino’s Pizza Stock

• Significant Stock Price Drop
  • Occurred on July 18, 2024
  • Followed disclosure of challenges and suspension of guidance
• Percentage Decline
  • Stock price fell by more than 13%
  • Dramatic one-day loss for investors

Market Reaction

• Reflects investor concern about company’s growth prospects
• Highlights importance of accurate financial projections and transparency

Implications of the Class Action Lawsuit

• Legal Consequences
  • Potential financial penalties if allegations are proven
  • Damage to company’s reputation in the market
• Investor Trust
  • Erosion of confidence in Domino’s Pizza’s management
  • Scrutiny of future financial statements and projections

Corporate Governance

• Likely review of internal controls and reporting processes
• Possible changes in leadership or oversight mechanisms

THE LEAD PLAINTIFF DEADLINE IN THE CLASS ACTION against Domino’s Pizza

Lead plaintiff motions for the Domino’s Pizza class action lawsuit seeks must be filed with the court no later thanNovember 18, 2014.​ When a securities class action is filed such as the Domino’s Pizza class action lawsuit:

1. The person who files the first complaint is required to publish a notice announcing the filing.
2. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. 

YOU HAVE TWO CHOICES IF YOU RECEIVE A NOTICE IN THE Domino’s Pizza CLASS ACTION LAWSUIT

First, read the notice very carefully.  You have two choices. 

• First, you can do nothing and remain a member of the class represented by lead counsel. 
• Second, if you believe you have a large enough loss to justify it, you can opt out of the Domino’s Pizza class action lawsuit and file your own separate lawsuit.

​Note, that if you opt-out, you will not be able to participate in any settlement or recovery obtained in the Domino’s Pizza class action lawsuit.

THE LEAD PLAINTIFF PROCESS IN THE Domino’s Pizza class action LAWSUIT

​Under the Private Securities Litigation Reform Act of 1995 (PSLRA):

• Any investor who purchased and suffered losses in Domino’s Pizza stock may seek appointment as lead plaintiff in the Domino’s Pizza class action lawsuit.
• A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
• A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
• The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. 
• An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

THE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE Domino’s Pizza CLASS ACTION LAWSUIT

1. ​​Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

THE RESPONSIBILITIES THE LEAD PLAINTIFF WILL HAVE IN THE Domino’s Pizza CLASS ACTION LAWSUIT

1. Selecting, monitoring, and overseeing Lead Counsel.
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

ELIGIBILITY CRITERIA FOR LEAD PLAINTIFF APPOINTMENT IN THE Domino’s Pizza CLASS ACTION LAWSUIT

​To be eligible for appointment as the lead plaintiff in the Domino’s Pizza class action lawsuit, an investor must meet the following criteria:

1. Securities Acquisition: The investor must have purchased or acquired of Domino’s Pizza, Inc. (NYSE: DPZ) securities between December 7, 2023, and July 17, 2024.
2. Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Domino’s Pizza and its executives.
3. Typicality and Adequacy: The investor’s legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.

It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Domino’s Pizza class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.

LEGAL REQUIREMENTS FOR PREVAILING IN THE Domino’s Pizza CLASS ACTION LAWSUIT

1. Material Misrepresentation or Omission
2. Scienter
3. Connection to Securities Transaction
4. Reliance
5. Economic Loss
6. Loss Causation

STAGES OF THE CLASS ACTION AGAINST Domino’s Pizza

1. Consolidation and Lead Plaintiff Appointment
2. Filing of Consolidated Complaint
3. Motion to Dismiss
4. Class Certification
5. Discovery
6. Settlement Negotiations and Mediation
7. Summary Judgment Motions
8. Trial
9. Appeals

CONTINGENCY FEE ARRANGEMENTS AND COST CONSIDERATIONS

​Many securities litigation attorneys, including Timothy L. Miles, operate on a contingency fee basis, which means clients do not pay any upfront fees or costs. Instead, the attorney’s fees and expenses are deducted from any settlement or judgment recovered on behalf of the class, typically as a court-approved percentage of the total recovery.
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This arrangement ensures that investors can pursue their legal rights without bearing the financial burden of costly litigation, as the attorneys assume the risk and only receive compensation if they achieve a successful outcome for the class.