BurgerFi Says Securities Class Action Lawsuit Filed On April 6, 2023 Against Company Was Dismissed
Portfolio Pulse from Benzinga Newsdesk
BurgerFi International, Inc. announced that a securities class action lawsuit filed against the company on April 6, 2023, has been dismissed by the United States District Court Judge for the Southern District of Florida. Each party will bear its own fees and costs.
September 07, 2023 | 9:07 pm
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POSITIVE IMPACT
The dismissal of the securities class action lawsuit against BurgerFi International, Inc. removes a potential legal liability for the company.
The dismissal of the lawsuit removes a potential legal and financial burden from BurgerFi, which could have a positive impact on the company's stock in the short term. The news is directly relevant to the company and is of significant importance to investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100