The founder of Papa John’s International Inc. has sued for access to board documents related to his ouster from the pizza chain, after it was reported that he used a racial slur in a company training session.
John Schnatter’s books-and-records suit, filed Thursday afternoon in the Delaware Court of Chancery, accused Papa John’s directors at best of being “grossly negligent” in their decision to fire its former CEO earlier this month. At worst, Schnatter said, the board had acted in bad faith by orchestrating a “coup” to ensure his ouster.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]