NEW YORK, Feb. 6, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who acquired Yum! Brands, Inc. ("Yum!" or "the Company") (NYSE:YUM) stock between October 9, 2012 and January 7, 2013.
For more information, click here: http://zlk.9nl.com/yum-brands/.
On November 29, 2012, the Company disclosed that its China Division same-store sales growth forecasts would not be met. Then on December 20, 2012 and December 21, 2012 news reports stated the Company knew, but concealed, that it was purchasing chickens containing excessive antibiotics and other illegal chemicals. In a January 7, 2013 disclosure the Company announced that it was lowering its full year 2012 guidance for same-stores sales for its China Division as a result of publicity surrounding a governmental review of the Company's poultry supply.
If you suffered a loss in Yum! you have until March 25, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/yum-brands/.
Levi & Korsinsky is a national firm with offices in New York 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. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP