The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Holzer Holzer & Fistel, LLC Announces Investigation into YUM! Brands, Inc.

Monday, January 14, 2013

Holzer Holzer & Fistel, LLC Announces Investigation into YUM! Brands, Inc.14:28 EST Monday, January 14, 2013 ATLANTA (Business Wire) -- Holzer Holzer & Fistel, LLC is investigating whether YUM! Brands, Inc. (“YUM!” or the “Company”) (YUM) and/or certain of its officers violated the federal securities laws. The investigation focuses on a series of statements made between October 9, 2012 and January 7, 2013, inclusive, regarding the Company's business, its prospects and its operations. Specifically, the firm is reviewing YUM!'s statements relating to, among other things, the profitability of its Chinese operations during that time to determine if those disclosures complied with applicable laws. On November 23, 2012, reports in the Chinese media claimed that certain of the Company's chicken suppliers fed toxic chemicals to chickens sold to KFC China. On January 7, 2013, YUM! revealed it was lowering its sales forecasts for its China Division as a result of the “adverse publicity associated with a government review of China poultry supply.” The price of YUM! stock declined significantly following these disclosures. If you purchased YUM! common stock between October 9, 2012 and January 7, 2013 and have questions concerning your legal rights, you are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832. Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content. Holzer Holzer & Fistel, LLCMichael I. Fistel, Jr., Esq., (888) 508-6832 (toll-free)mfistel@holzerlaw.comorMarshall P. Dees, Esq., (888) 508-6832 (toll-free)mdees@holzerlaw.com