Restaurant Brands International Inc. (NYSE: QSR) (“Restaurant Brands”) owns, operates, and franchises quick service restaurants under the Tim Hortons (TH), Burger King (BK), and Popeyes (PLK) brand names. Restaurant Brands commenced secondary public offerings on or about August 12, 2019 of 24,000,000 common shares at a price of $73.50, and on or about September 5, 2019 of 16,690,717 common shares at a price of $75.10 (collectively, the “Offerings”).
Kessler Topaz Meltzer & Check, LLP is investigating potential claims on behalf of purchasers of Restaurant Brands securities between August 12, 2019 and October 26, 2020, related to whether Restaurant Brands made false and misleading statements to the market. Specifically, in Restaurant Brands' Shelf Registration Statements submitted to the U.S. Securities and Exchange Commission in connection with the Offerings, the company made representations about its growth strategy and growth potential, including its rewards program and new product offerings, which were purportedly going to fuel the company’s growth. After the Offerings, however, Restaurant Brands admitted that the discounting through its rewards program and weak new food offerings had a negative impact on sales. As a result, Restaurant Brands’ investors suffered significant damages as the price of Restaurant Brands’ stock has declined significantly from its Offering prices of $73.50 and $75.10.
If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com