|[February 04, 2013]
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Yum! Brands, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed in the United States District Court for the Central District
of California on behalf of a class composed of all purchasers of the
securities of Yum! Brands, Inc. ("Yum" of the "Company") (NYSE:YUM)
between October 9, 2012 and January 7, 2013, inclusive (the "Class
YUM, together with its subsidiaries, operates quick service restaurants
in the United States and internationally under the KFC, Pizza Hut and
Taco Bell brands. The Complaint alleges that throughout the Class Period
the defendants misrepresented and/or failed to disclose that: (1)
slowing economic trends in China were stronger than reported and could
not support Yum's China Division's forecasted sales results or the
Company'sincreased earnings-per-share growth; (2) defendants knew but
concealed that the Company's own food safety inspections had already
discovered high levels of antibiotics and other illegal drugs and/or
chemicals in chickens purchased from a Chinese supplier -- Shandong
Liuhe Group; and (3) Yum had continued to buy products from Shandong
Liuhe Group until as late as August 2012.
No class has yet been certified in this action. Until a class is
certified, you are not represented by counsel unless you retain one. If
you purchased Yum securities during the Class Period, you have certain
rights, and have until March 25, 2013 to move for lead plaintiff status.
To be a member of the class you need not take any action at this time,
and you may retain counsel of your choice. If you wish to discuss this
action or have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll
Free at (888) 638-4847, or by email to email@example.com,
or visit our website at http://www.howardsmithlaw.com.
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