NEW YORK, August 10, 2020 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors in McDonald & # 39; s Corporation ("McDonald & # 39; s" or the "Company") (NYSE: MCD). It is recommended that these investors get in touch Robert S. Willoughby at the (Email protected) or 888-476-6529, ext. 7980.
The investigation concerns whether McDonald & # 39; s and any of its officers and / or directors have committed securities fraud or other illegal business practices.
(Click here for information on how to participate in the class action.)
On 3rd November 2019McDonald & # 39; s announced the termination of Steve Easterbrook In his role as McDonald's Chief Executive Officer, he found that Easterbrook had "displayed poor judgment" when entering into a friendly relationship with a McDonald's employee in violation of company policy. On the news, McDonald & # 39; s share price fell $ 5.28 per share, or 2.72%, to close $ 188.66 per share on November 4th, 2019.
Then further August 10, 2020McDonald & # 39; s sued Easterbrook in Delaware Chancellery trying to get a severance package worth more than $ 40 millioninter alia on the grounds that Easterbrook had withheld details of three "physical sexual relationships" with employees and that one of the employees was awarded shares valued at hundreds of thousands of dollars.
The Pomerantz company with offices in new York, Chicago, los Angeles, and Paris is recognized as a leader in corporate, securities and antitrust litigation. Established by the late Abraham L. PomerantzPomerantz Company, known as the dean of class action, pioneered class action lawsuits. Today, more than 80 years later, the Pomerantz company continues its tradition and fights for the rights of victims of securities fraud, breaches of trust and misconduct by companies. The company has claimed back several million dollars in damages on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP