BFI - Securities Class Action Lawsuit against BurgerFi Dismissed | Benzinga
FORT LAUDERDALE, Fla., Sept. 07, 2023 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ:BFI, BFIIW)) ("BurgerFi" or the "Company"), owner of one of the nation's leading fast-casual "better burger" dining concepts through the BurgerFi brand, and the high-quality, casual dining pizza and wings concept under the name Anthony's Coal Fired Pizza & Wings ("Anthony's") brand, announces that the lead plaintiffs in the previously disclosed securities class action lawsuit filed on April 6, 2023 against BurgerFi and certain current and former executives have voluntarily dismissed the lawsuit.
On September 5, 2023, United States District Court Judge Raag Singhal for the Southern District of Florida issued an order dismissing the class action lawsuit in the case of John Walker v. BurgerFi International, Inc. et al., Case No. 023-cv-60657, and closed the case, with each party bearing its own fees and costs. The lead plaintiffs have agreed to not refile the case.
Management Commentary
"BurgerFi is thankful that this lawsuit has been dismissed so that we can focus on moving forward without the distraction of the lawsuit," stated BurgerFi's Chief Executive Officer Carl Bachmann.
About BurgerFi International (Nasdaq: BFI, BFIIW)
BurgerFi International, Inc. is a leading multi-brand restaurant company that develops, markets, and acquires fast-casual and premium-casual dining restaurant concepts around the world, including corporate-owned stores and franchises. BurgerFi International is the owner and franchisor of the two following brands with a combined 174 locations.
BurgerFi. BurgerFi is ...