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Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Yum! Brands, Inc.



Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Yum! Brands, Inc.

PR Newswire

WAYNE, Pa., Jan. 28, 2013

WAYNE, Pa., Jan. 28, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/yum) announces that a class action lawsuit has been
filed in the United States District Court for the Central District of
California on behalf of purchasers of Yum! Brands, Inc. ("Yum" or the
"Company") (NYSE: YUM) publicly traded securities during the period between
October 9, 2012 and January 7, 2013 (the "Class Period").

(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO)

For more information regarding this class action suit, please contact Ryan &
Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by
email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/yum. 

The complaint charges Yum and certain of its officers and directors with
violations of the Securities Exchange Act of 1934. Yum describes itself as the
world's largest quick service restaurant company which, through the three
concepts of KFC, Pizza Hut and Taco Bell, develops, operates, franchises, and
licenses a worldwide system of restaurants. Yum's business consists of four
reporting segments: the China Division, the India Division, Yum! Restaurants
International, and the United States Division.

The complaint alleges that during the Class Period, the defendants made
materially false and misleading statements concerning the Company's current
and future business and financial condition. As a result of defendants' false
and misleading statements, Yum common stock traded at artificially inflated
prices during the Class Period, reaching over $74 per share.

On November 23, 2012, reports in the Chinese media disclosed that certain of
the Company's chicken suppliers had been feeding toxic chemicals to chickens
sold to KFC China. On November 29, 2012, the Company announced that its
previous forecast of single-digit to flat China Division same-store sales
growth would not be met, but instead, the Company expected to report China
Division same-store sales of -4%. On these disclosures, Yum's stock price fell
nearly 9% to close at $67.08 per share on November 30, 2012.

On December 20 and 21, 2012, news reports began to circulate that the Company
knew well before the Class Period that certain chicken suppliers in China had
injected chickens with excessive antibiotics and other illegal chemicals but
sought to conceal these facts. These disclosures caused Yum's stock price to
drop further to a close of $63.88 per share on December 21, 2012.

Then, on January 7, 2013, the Company filed a Form 8-K with the SEC updating
its full year 2012 guidance for same-store sales for its China Division,
stating that it was lowering its financial outlook due to publicity
surrounding the Chinese government's review of its poultry supply. As a result
of the January 7, 2013 disclosures, on January 8, 2013, Yum shares dropped 5%
from $67.89 per share to as low as $64.40 per share.

If you are a member of the class, you may, no later than March 25, 2013,
request that the Court appoint you as lead plaintiff of the class.  A lead
plaintiff is a representative party that acts on behalf of other class members
in directing the litigation.  In order to be appointed lead plaintiff, the
Court must determine that the class member's claim is typical of the claims of
other class members, and that the class member will adequately represent the
class.  Under certain circumstances, one or more class members may together
serve as "lead plaintiff".  Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead plaintiff.
 You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve
as your counsel in this action.

For more information about the case or to participate online, please visit:
www.rmclasslaw.com/cases/yum or contact Richard A. Maniskas, Esquire toll-free
at (877) 316-3218, or by e-mail at rmaniskas@rmclasslaw.com.  For more
information about class action cases in general or to learn more about Ryan &
Maniskas, LLP, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm.  Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
nationwide.

CONTACT: Ryan & Maniskas, LLP
         Richard A. Maniskas, Esquire
         995 Old Eagle School Rd., Suite 311
         Wayne, PA 19087
         484-588-5516
         877-316-3218
         www.rmclasslaw.com/cases/yum
         rmaniskas@rmclasslaw.com

SOURCE Ryan & Maniskas, LLP

Website: http://www.rmclasslaw.com
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