The Newsroom

Investigations  /  11.03.2020

Investigation of Restaurant Brands International Inc.

You Have Legal Options

Restaurant Brands International (QSR) Misled Shareholders in Connection with its Secondary Offerings   

Restaurant Brands offered 24 million shares at $73.50 per share in its August offering, which gave the controlling stockholders $1.8 billion in proceeds and reduced their stake in the Company from 41% to 36%.  In the September offering, the controlling stockholders sold more than 16 million shares at $75.10 each for another $1.3 billion in proceeds. The complaint alleges that the registration statements in support of the offerings were misleading. Specifically, they falsely represented the Company’s growth potential, misleadingly touted the success of the Tims Rewards program, and failed to disclose that frequent data metrics showed the failure of the Tims Reward program in driving sustainable growth.  To the contrary, the loyalty program was dragging sales and generated an unreasonable level of discounting that outweighed customer traffic. Thereafter, Restaurant Brands’ 2019 Q3 & Q4 financial results revealed weaker than expected sales and that the loyalty program was not working as expected. Just over a year from the secondary offerings, the stock now trades at just $51.

  • If you would like more information about your rights and potential remedies please send us a message. 

  • Please Note: Neither the submission to nor the receipt of information by Robbins LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.


How can we help you?

CONTACT US TODAY | 1 800 350 6003 or [email protected]

Tell us your concerns