Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 2, 2026 in Papa John’s International, Inc. Lawsuit – PZZA

Papa John's shareholders who bought PZZA between August 7, 2025 and August 5, 2026 retain specific rights under the federal securities laws after the stock lost $5.11 per share in a single session.

NEW YORK, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Papa John's International, Inc. (NASDAQ: PZZA) that a class action has been filed on behalf of shareholders who purchased securities between August 7, 2025 and August 5, 2026. Submit your information. You may also contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.

PZZA closed at $29.75 on August 5, 2026 and at $24.64 on August 6, 2026, a one-day decline of $5.11 per share, or about 17.18%. That session followed the Company's report of an 8.3% decrease in North American comparable sales, the suspension of its dividend, and a reduction of its 2026 North American outlook from a 3% decline at the midpoint to a 7% midpoint annual decline. Lead plaintiff applications must be submitted by November 2, 2026.

The Rights Class Period Purchasers Hold Under the Exchange Act

The action alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, and is pending in the United States District Court for the Western District of Kentucky, Louisville Division. Plaintiffs contend that statements describing Papa John's strategic transformation as working, and as positioning the Company to gain market share, were materially false or misleading when made.

Purchasers who bought during the Class Period at allegedly inflated prices are members of the proposed class by operation of law. Membership does not depend on hiring a firm, retaining counsel, or filing anything with the court.

Investor Rights in the PZZA Action

• The right to remain an absent class member and share in any recovery without taking action before the deadline.
• The right to apply for appointment as lead plaintiff and direct the prosecution of the case on behalf of all purchasers.
• The right to select counsel of your own choosing rather than accepting a firm assigned by default.
• The right to a no-cost, no-obligation review of your PZZA trading history and potential eligibility.
• The right to pursue claims on shares already sold, so long as the purchases occurred during the Class Period.
• The right to seek exclusion from any class the court later certifies and pursue individual claims separately.
  
  

What Shareholders Are Not Required to Do

Class members generally do not appear in court, sit for depositions, or advance fees out of pocket. If a recovery is obtained, eligible purchasers typically submit a claim form, and any attorneys' fees and expenses remain subject to court approval.

"Shareholders often assume they must act immediately or forfeit everything, and that is not how these cases work," said Joseph E. Levi, Esq. "Here, purchasers who bought while the Company projected a 3% North American comparable sales decline, and who held through the reset to a 6-8% decline, retain rights worth understanding before they decide whether to seek a leadership role."

Act now. Click here to learn more or call (212) 363-7500.

ABOUT LEVI & KORSINSKY, LLP — Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report. Investors who suffered losses have until November 2, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the PZZA Lawsuit

Q: Who is eligible to join the PZZA investor lawsuit? A: Investors who purchased PZZA stock or securities between August 7, 2025 and August 5, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.

Q: What is the PZZA lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is November 2, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.

Q: What court was the PZZA class action filed in? A: The case was filed in the United States District Court for the Western District of Kentucky, Louisville Division, governed by the Private Securities Litigation Reform Act of 1995.

Q: What do PZZA investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my PZZA shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. If there is a settlement or recovery, eligible class members generally submit a claim form to seek their portion.

Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it may still be able to participate in any potential settlement or recovery.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

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