McDonald's urges dismissal of Black former franchisees' discrimination lawsuit [Reuters]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
Check Earnings Report
US:NYSE Investor Relations:
corporate.mcdonalds.com/mcd/investors.html
Company Research
Source: Reuters
By Jonathan Stempel 2 Min Read (Reuters) - McDonald's Corp MCD.N on Friday urged a U.S. judge to dismiss a lawsuit by dozens of Black former franchise owners who accused the fast-food giant of racial discrimination for selling them underperforming stores, saying it did not want them to fail and never promised success. In a filing in the federal court in Chicago, McDonald’s said its franchise agreements made clear the obligations and risks of owning restaurants, which was “fatal” to the claim it defrauded the 52 plaintiffs, who operated more than 200 stores and have been seeking as much as $1 billion in damages. McDonald’s, which is based in Chicago, also said many of the plaintiffs’ claims were too old, and that there was no proof it made or broke promises that would support their “expansive” claim of longstanding, companywide discrimination. “On its face, this claim is illogical as it suggests the company somehow has an interest in undermining its franchisees and seeing them f
Show less
Read more
Impact Snapshot
Event Time:
MCD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MCD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MCD alerts
High impacting McDonald's Corporation news events
Weekly update
A roundup of the hottest topics
MCD
News
- Culver's burger chain planning to open as many as 51 new locations in 2024: Here's where [USA TODAY]USA TODAY
- McDonald's: Peak Performance Thesis Sustained [Seeking Alpha]Seeking Alpha
- Why the Market Dipped But McDonald's (MCD) Gained Today [Yahoo! Finance]Yahoo! Finance
- Booming cold drink sales mean more plastic waste. So Starbucks redesigned its cups [Los Angeles Times (CA)]Los Angeles Times
- Hallmark Mahogany Announces Mahogany Honors, an Awards Experience, on April 28 with special guest, Award-Winning Musician, Actress and Entrepreneur Fantasia Barrino-Taylor [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/18/24 - Form PX14A6G
- 4/9/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- MCD's page on the SEC website