The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Levi & Korsinsky Notifies Investors with Losses on Their Investment in Yum! Brands, Inc. of Class Action Lawsuit and the Deadline of March 25, 2013 to Seek a Lead Plaintiff Position

Monday, March 18, 2013

Levi & Korsinsky Notifies Investors with Losses on Their Investment in Yum! Brands, Inc. of Class Action Lawsuit and the Deadline of March 25, 2013 to Seek a Lead Plaintiff Position16:58 EDT Monday, March 18, 2013 NEW YORK (Business Wire) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who acquired Yum! Brands, Inc. (“Yum!” or “the Company”) (NYSE: YUM) stock between October 9, 2012 and January 7, 2013. For more information, click here: http://zlk.9nl.com/yum-brands/. On November 29, 2012, the Company disclosed that its China Division same-store sales growth forecasts would not be met. Then on December 20, 2012 and December 21, 2012 news reports stated the Company knew, but concealed, that it was purchasing chickens containing excessive antibiotics and other illegal chemicals. In a January 7, 2013 disclosure the Company announced that it was lowering its full year 2012 guidance for same-stores sales for its China Division as a result of publicity surrounding a governmental review of the Company's poultry supply. If you suffered a loss in Yum! you have until March 25, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/yum-brands/. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes. Levi & Korsinsky, LLPJoseph Levi, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: 212-363-7500Toll Free: 877-363-5972Fax: 866-367-6510www.zlk.com