Levi & Korsinsky notifies investors that it has commenced an investigation into Jack in the Box Inc. (NASDAQ: JACK) concerning potential violations of the federal securities laws.
On April 23, 2025, Jack in the Box issued a press release announcing plans to close 150 to 200 "underperforming locations" and explore a sale of its Del Taco brand. Jack in the Box's CEO said that the restaurant closures are aimed at "addressing our balance sheet to accelerate cash flow and pay down debt," with the Company hoping to pay off $300 million in debt over the next two years. On this news, Jack in the Box's stock price fell 4.72%, to close at $23.96 per share on April 24, 2025.
If you suffered a loss on your Jack in the Box securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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