LAWSUITS NEWS & LEGAL INFORMATION
Darden Restaurants, Inc. Savings Plan
On December 18, 2007, Darden Restaurants, Inc. ("Darden" or the "Company") (NYSE: DRI) reduced its diluted net earnings per share growth for fiscal 2008. Darden and other administrators of the Darden Savings Plan (the "Plan") may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings.
Darden employees who own Darden stock through the Plan may be able to recover some of their losses. If you or anyone you know is a member of the Darden Plan and purchased Darden stock through the Plan, please complete a Darden Plan Complaint Form for a free evaluation.
t's always a roll of the dice when a restaurant chain, already feeling the sting of higher food costs and lower profits, takes the plunge and makes an acquisition that further increases its debt. And while a March 19th announcement by Darden showed revenues to be up, the good news could well be temporary as the sub-prime mortgage crisis, and the recession that appears to be coming in its aftermath, puts a crimp on consumer spending.
Darden Restaurants Accused of Inflating Stock
Darden Restaurants, which operates the Red Lobster, LongHorn, and Olive Garden restaurants, is now the subject of a lawsuit filed March 19, 2008 in U.S. District Court for the Middle District of Florida on behalf of its stockholders.
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Darden employees who own Darden stock through the Plan may be able to recover some of their losses. If you or anyone you know is a member of the Darden Plan and purchased Darden stock through the Plan, please complete a Darden Plan Complaint Form for a free evaluation.
Darden Restaurants Savings Plan Articles
All Eyes on Darden as Economy Slowst's always a roll of the dice when a restaurant chain, already feeling the sting of higher food costs and lower profits, takes the plunge and makes an acquisition that further increases its debt. And while a March 19th announcement by Darden showed revenues to be up, the good news could well be temporary as the sub-prime mortgage crisis, and the recession that appears to be coming in its aftermath, puts a crimp on consumer spending.
Darden Restaurants Accused of Inflating Stock
Darden Restaurants, which operates the Red Lobster, LongHorn, and Olive Garden restaurants, is now the subject of a lawsuit filed March 19, 2008 in U.S. District Court for the Middle District of Florida on behalf of its stockholders.
Darden Restaurants Savings Plan Legal Help
If you have suffered losses to your Darden Restaurants employee retirement savings plan, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.Last updated on
LEGAL ARTICLES AND INTERVIEWS
All Eyes on Darden as Economy Slows
Darden Restaurants Accused of Inflating Stock
March 30, 2008
It's always a roll of the dice when a restaurant chain, already feeling the sting of higher food costs and lower profits, takes the plunge and makes an acquisition that further increases its debt. And while a March 19th announcement by Darden showed revenues to be up, the good news could well be temporary as the sub-prime mortgage crisis, and the recession that appears to be coming in its aftermath, puts a crimp on consumer spending. READ MORE
Darden Restaurants Accused of Inflating Stock
March 22, 2008
Orlando, FL: Darden Restaurants, which operates the Red Lobster, LongHorn, and Olive Garden restaurants, is now the subject of a lawsuit filed March 19, 2008 in U.S. District Court for the Middle District of Florida on behalf of its stockholders. READ MORE