Plumbers and Pipefitters Local 51 Pension Fund v. Darden
Restaurants, Inc. et al
USDC MD Florida
Disclosure
Background
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 Company
background
Litigation
background
- Plumbers and Pipefitters Local 51 Pension Fund v.
Darden Restaurants, Inc. et al
- USDC MD Florida (Orlando) 6:08-cv-00388-PCF-DAB
- Chief Judge Patricia C. Fawsett
- Filed 3.13.08
Lead
plaintiffs
- Carpenters Pension Trust Fund for Northern
California and Carpenters Annuity Trust Fund for Northern California
SEC
disclosure
- Form 10-K 7.17.08
Part I Item 3 at page 21
On March 13, 2008, a purported class action complaint alleging violation of the
federal securities laws was filed by an institutional shareholder against Darden
and certain of our current officers, one of whom is also a director, in the
United States District Court for the Middle District of Florida. The complaint
was filed on behalf of all purchasers of Dardens common stock between June 19,
2007 and December 18, 2007 (the Class). The complaint alleges that during that
period, the defendants issued false and misleading statements in press releases
and public filings that misrepresented and failed to disclose certain
information, and that as a result, had no reasonable basis for statements about
Dardens prospects and guidance for fiscal 2008. The complaint alleges claims
under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule
10b-5 thereunder. The plaintiff seeks to recover unspecified damages on behalf
of the Class. We intend to vigorously defend our position in this action.
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Claims
SEC_CODE_REF_0090001192884
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Complaint
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Lead Plaintiff and Counsel Appointed
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Motion
to appoint
- Electrical Workers Pension Fund, Local 103,
I.B.E.W.
Order
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Counsel
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Lead
plaintiff
Company
defense
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Related Topics
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