Quality Dining (NASDAQ:QDIN)
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Quality Dining Announces Dismissal of Lawsuit
MISHAWAKA, Ind., Feb. 9 /PRNewswire-FirstCall/ -- Quality Dining, Inc.
(NASDAQ:QDIN) today announced that the St. Joseph County Superior Court has
granted the Company's motion to dismiss the purported stockholder class action
lawsuit previously filed against Quality Dining, Inc., its directors and two of
its officers entitled Bruce Alan Crown Grantors Trust vs. Quality Dining, Inc.,
et al, Cause No. 71 D04 0406 PL 299. Commenting on the court's ruling, John C.
Firth, Executive Vice President and General Counsel said, "Quality Dining is
pleased with the court's ruling which dismissed all counts of the plaintiff's
complaint. As the court noted, the proposed transaction is subject to the
approval of a majority of our shareholders and we have always believed that
this matter should properly be decided by our shareholders."
This press release is for informational purposes only and is not an offer to
buy or the solicitation of an offer to sell any shares, nor is it a
solicitation of a proxy to vote in connection with the transaction. For more
detailed information about the proposed transaction, interested parties should
read the definitive merger agreement that was filed as an attachment to a Form
8-K filed with the Securities and Exchange Commission ("SEC") on November 10,
2004. In addition, Quality Dining plans to file with the SEC and mail to its
shareholders a proxy statement containing information about the proposed
transaction, in connection with a special meeting of Quality Dining's
shareholders that will be held to consider and vote upon the proposed
transaction. Investors and shareholders of Quality Dining are advised to read
the definitive merger agreement and the proxy statement carefully because they
contain important information about the proposed transaction, the persons
soliciting proxies related thereto, their interests in the proposed transaction
and related matters. Investors and shareholders may obtain free copies of the
proxy statement and other documents filed by Quality Dining (when available) at
the SEC's website at http://www.sec.gov/ . Free copies of the proxy statement
will also be available to investors and shareholders from Quality Dining by
directing such requests to the attention of John C. Firth, Secretary, Quality
Dining, Inc., 4220 Edison Lakes Parkway, Mishawaka, Indiana 46545,
574-271-4600.
Quality Dining, Mr. Fitzpatrick and the members of his group, and the other
directors and executive officers of Quality Dining, may be deemed to be
participants in the solicitation of proxies from Quality Dining's shareholders
with respect to the proposed transaction. Information regarding the directors
and executive officers of Quality Dining is included in Quality Dining's Form
10-K for the fiscal year ended October 26, 2003, and in its proxy statement
relating to its 2004 annual meeting of shareholders. In addition, information
regarding the interests of participants in the solicitation will be set forth
in the proxy statement filed with the SEC in connection with the proposed
transaction.
Quality Dining owns the Grady's American Grill(R), Papa Vino's Italian
Kitchen(TM) and Spageddies Italian Kitchen(TM) concepts and operates Burger
King(R) restaurants and Chili's Grill & Bar(R) restaurants as a franchisee. As
of February 9, 2005, the Company operates 123 Burger King restaurants, 39
Chili's Grill & Bar restaurants, two Grady's American Grill restaurants, six
Papa Vino's Italian Kitchen(TM) restaurants, three Spageddies Italian Kitchen
restaurants and one Porterhouse Steaks and Seafood(TM) restaurant.
This press release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements are made based upon management's current expectations and
beliefs concerning future developments and their potential effects on the
Company. There can be no assurance that the Company will actually achieve the
plans, intentions and expectations discussed in these forward-looking
statements. Actual results may differ materially. Among the risks and
uncertainties that could cause actual results to differ materially are the
following: the availability and cost of capital to the Company; the ability of
the Company to develop and operate its restaurants; the ability of the Company
to sustain sales and margins in the increasingly competitive environment; the
hiring, training and retention of skilled corporate and restaurant management
and other restaurant personnel; the integration and assimilation of acquired
concepts; the overall success of the Company's franchisors; the ability to
obtain the necessary government approvals and third-party consents; changes in
governmental regulations, including increases in the minimum wage; the results
of pending litigation; and weather and other acts of God. The Company
undertakes no obligation to update or revise any forward-looking information,
whether as a result of new information, future developments or otherwise.
Quality Dining is not responsible for changes made to this document by wire
services or Internet services.
DATASOURCE: Quality Dining, Inc.
CONTACT: John C. Firth, Executive Vice President and General Counsel of
Quality Dining, Inc., +1-574-243-6616