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Stock impact report

McDonald's seeks dismissal of racial discrimination lawsuit by former franchisees [MSNBC.com]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: MSNBC.com
McDonald'sthe racial discrimination lawsuit filed by former franchiseesThe company also said that the complaint from 52 Black plaintiffs relies on "vague and conclusory allegations" and fails to provide viable claims of intentional race discrimination, breach of contract and fraud.McDonald's also said that the statutes of limitations for such claims has expired, based on when the operators exited the franchise. The statute of limitations in Illinois, where the suit was filed, for discrimination during a contract is only four years."Plaintiffs' case is based on the illogical theory that McDonald's went into business with Black franchisees for the sole purpose of seeing them fail, despite the company's obvious interest in franchisees maintaining successful and profitable restaurants," Loretta Lynch, the former attorney general and current legal counsel for McDonald's on the case, said in a statement.In September, the former franchisees alleged that the fast-food giant denied them the sa Show less Read more
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