March 11, 2005

It Just Keeps Getting Krispier

Joining the league of plaintiffs with claims against Krispy Kreme are some of the North Carolina doughnut maker's own employees. In a class action suit filed last week, employees that owned stock in the company after January 1, 2003 claimed that Krispy Kreme padded sales figures and issued "false and misleading statements" until May 2004, when it reported its first-ever quarterly loss.

Posted by franchiselawblog at March 11, 2005 05:40 PM