Retail Food Group potential class action
Retail Food Group, the ASX-listed franchise company that owns well-known food chain stores such as Michel’s Patisserie, Gloria Jeans Coffees, Donut King, Crust Pizzas and many more, is facing a potential shareholder class action pending our further investigations.
Now is the time to register your details via our easy online portal if you purchased fully paid ordinary shares in RFG from 2 June 2015 until the company entered a trading halt on 28 February 2018.
The proposed shareholder class action relates to a string of damning revelations about the company that were exposed from December 2017 to 3 March 2018. The information, including revelations of an exploitative and unsustainable franchise model, saw the company’s share price go from well over $4 to under $1.30 when the company came out of the trading halt it entered on February 28, 2018.
More than $550 million has been wiped from the company’s market capitalisation. Publicly available information suggests that RFG adopted an exploitative business model as early as June 2015 yet it failed inform the market of its true state of affairs.
This is information the market should have been made aware of in order to fairly price the stock.
To remain updated on developments in our investigation as we progress the case, register your details with us now via this website. Registration is free, non-binding and without any risk of liability.
For more details or assistance with your registration, contact our RFG legal team via email at RFGClassAction@mauriceblackburn.com.au or on 1800 810 812.