INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors Of Jack In The Box Inc. - JACK

2025-05-09 08:02:45

(MENAFN- GlobeNewsWire - Nasdaq) NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Jack in the Box Inc. (“Jack in the Box” or the“Company”) (NASDAQ: JACK). Such investors are advised to contact Danielle Peyton at ... or 646-581-9980, ext. 7980.

The investigation concerns whether Jack in the Box and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On April 23, 2025, Jack in the Box issued a press release announcing plans to close 150 to 200“underperforming locations” and explore a sale of its Del Taco brand in connection with“its multi-faceted 'JACK on Track' plan[.]” Jack in the Box's Chief Executive Officer said that the restaurant closures are aimed at“addressing our balance sheet to accelerate cash flow and pay down debt,” with the Company hoping to pay off $300 million in debt over the next two years.

On this news, Jack in the Box's stock price fell $1.45 per share, or 4.72%, to close at $23.96 per share on April 24, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
...
646-581-9980 ext. 7980

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