An investigation on behalf of investors of McDonalds Corporation (NYSE: MCD) shares over potential securities laws violations by McDonalds Corporation and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of McDonalds Corporation (NYSE: MCD) concerning whether a series of statements by McDonalds Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On August 10, 2020, McDonalds filed a lawsuit against former CEO Steve Easterbrook for lying about and destroying evidence connected to his inappropriate behavior that ultimately led to a separation agreement between the Company and Easterbrook in November of 2019. McDonalds failed to monitor and respond to such behavior at the highest levels of the Company despite representations in numerous SEC filings that the Company had effective disclosure and control procedures.

Shares of McDonald's Corporation (NYSE: MCD) closed on August 25, 2020, at $212.65 per share.