Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Yum! Brands, Inc.

  Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of
  Yum! Brands, Inc.

Business Wire

SAN DIEGO -- January 11, 2013

Shareholder rights law firm Johnson & Weaver, LLP has commenced an
investigation into whether the parent company of KFC, Yum! Brands, Inc. (NYSE:
YUM), issued materially false and misleading statements regarding the
Company’s prospects of success in China in order to artificially inflate the
company’s share price. Just a few months ago, on October 9, 2012, the company
boasted to the investing public that its competitive positions in China “are
stronger than ever” and that it was “confident in the long-term growth of our
China business.” However, weeks later the company disclosed an investigation
by the Chinese government involving its poultry suppliers. More recently, the
company was forced to apologize to the investing public when excess amounts of
antiviral drugs and hormones were reported in the poultry being sold to the
public. Company executives admitted that there were actually shortcomings in
the company’s self-checking process and sales were hurt more than expected in

The investigation is ongoing and addresses when Yum! executives were made
aware of the problems, the extent of the problems, and whether certain
officers or directors violated federal securities laws by not making material
facts known to shareholders in a timely manner. Frank Johnson, partner for
Johnson & Weaver, stated that, "Yum! has made numerous conflicting statements
and shareholders appear to have been kept in the dark until recently." Johnson
continued, "this conduct could have a significant impact on Yum!’s reputation
in China and consequently its bottom line as Yum! generates more 50% of its
revenue and operating profits from China.”

If you have information that could assist in this investigation or if you are
a Yum! shareholder and are interested in learning more about the investigation
or your legal rights and remedies, please contact managing partner Frank
Johnson ( or the firm’s lead fraud investigator
Jim Baker ( 619-230-0063.

Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law
firm. The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit


Johnson & Weaver, LLP
Frank Johnson, Managing Partner
Jim Baker, Lead Fraud Investigator
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