McDonald’s Corporation (MCD)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of McDonald’s Corporation ("McDonald’s" or "the Company") (NYSE: MCD). The investigation concerns whether McDonald’s and certain of its officers and/or directors have violated federal securities laws.
On November 3, 2019, McDonald’s announced the termination of Steve Easterbrook from his role as McDonald’s Chief Executive Officer, finding that Easterbrook had “demonstrated poor judgment” in engaging in a consensual relationship with a McDonald’s employee, in violation of Company policy. On this news, McDonald’s stock price fell $5.28 per share, or 2.72%, to close at $188.66 per share on November 4, 2019. Then, on August 10, 2020, McDonald’s sued Easterbrook in Delaware Chancery Court seeking to recoup a severance package worth more than $40 million, alleging, among other things, that Easterbrook had concealed details of three “physical sexual relationships” with employees and had awarded stock valued at hundreds of thousands of dollars to one of the employees.
If you are aware of any facts relating to this investigation, or purchased McDonald’s shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.