Wendy’s Legal Woes Continue
In April, First Choice Federal Credit Union filed a class action lawsuit against Wendy’s over a five-month long data breach. Today, the fast food chain’s legal problems continue, as Newman Ferrara LLP has launched an investigation into whether the officers and directors breached their fiduciary duties by failing to take adequate steps to prevent the data breach.
The breach, which the company did not announce until February 2016, resulted in the loss of thousands of credit card and debit card numbers. Both Wendy’s customers and banks are pursuing class action suits that allege the restaurant did not have appropriate security measures in place to protect customers’ financial and personal information.
Newman Ferrara, a New York City-based law firm that specializes in complex commercial and multi-party litigation, is looking into allegations that Wendy’s officers and directors knew (or should have known) about the company’s lax security practices.
The law firm said that any Wendy’s stock holders who would like more information about potential remedies should contact Newman Ferrara attorney Roger Sachar Jr. at [email protected].