Levi & Korsinsky announces it has commenced an investigation of Papa John’s International, Inc. (“Papa John’s” or “the Company”) (NASDAQ: PZZA) concerning possible violations of federal securities laws. On July 11, 2018, Papa John’s announced the resignation of its Chairman of the Board and founder, John Schnatter, following reports that he had used a racial slur during a conference call earlier in the year. Shares of Papa John’s stock have fallen from a close of $50.79 on July 10, 2018, to a recent close of $42.06 on July 30, 2018.

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