The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible
Breaches of Fiduciary Duty by YUM! Brands, Inc.
NEW YORK, Jan. 15, 2013
NEW YORK, Jan. 15, 2013 /PRNewswire/ --Levi & Korsinsky is investigating
potential claims on behalf of purchasers of YUM! Brands, Inc. ("YUM!" or the
"Company") (NYSE: YUM) securities concerning possible breaches of fiduciary
For more information, click here: http://zlk.9nl.com/yum-brands-yum/.
The investigation focuses on statements made between October 9, 2012 and
January 7, 2013 regarding the Company's business, its prospects and
operations. Specifically, the investigation relates to whether statements
made by the Company in regards to profitability of its operations in China
complied with applicable laws. On November 23, 2012, it was reported by the
Chinese media that certain chicken suppliers of the Company fed toxic
chemicals to chickens that were sold to KFC China. As a result, on January 15,
2013, YUM! disclosed that it was lowering sales forecasts for its Chinese
Division due to the "adverse publicity associated with a government review to
China poultry supply." YUM!'s stock price declined heavily following these
If you own YUM! stock and wish to obtain additional information about the
investigation and your legal rights, please contact Joseph E. Levi, Esq.
either via email at email@example.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit http://zlk.9nl.com/yum-brands-yum/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and
Washington D.C. The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors throughout the
nation in securities and shareholder lawsuits. The attorneys at Levi &
Korsinsky have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities lawsuits
and have successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP
Press spacebar to pause and continue. Press esc to stop.