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 duty.
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 forecasts.
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 similar outcomes.
CONTACT: 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 www.zlk.com