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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.
In order to be eligible to join the JACK class action lawsuit, you must have incurred a loss on shares of Jack in the Box purchased during the class period listed above.
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