NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of The Wendy’s Company (“Wendy’s” or the “Company”) WHOM. Those investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, extension 7980.

The investigation addresses whether Wendy’s and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On August 25, 2022, the Centers for Disease Control and Prevention (“CDC”) released an investigative alert regarding a multi-state outbreak E. coli infections. The notice reported that “37 people have been infected with the outbreak strain coli O157 were reported from 4 states: Indiana (1), Michigan (15), Ohio (19), and Pennsylvania (2)” and that “most of the sick reported eating romaine lettuce sandwiches at Wendy’s restaurants before falling ill.” CDC further stated that “[b]Based on the information gathered to date, Wendy’s is taking the precautionary measure of removing romaine lettuce, which is used in sandwiches, from restaurants in this region.”

As a result of this news, Wendy’s stock price fell $0.81 per share, or 4.01%, to close at $19.39 per share on August 26, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP