August 20, 2015 - The U.S. Court of Appeals for the Sixth Circuit affirmed the judgement of the district court.
January 16, 2015 - The lead plaintiff filed a notice of appeal.

December 24, 2014 - The court granted the defendant's motion to dismiss with prejudice.

August 5, 2013 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased Yum! Brands Inc (NYSE: YUM) common shares between February 6, 2012 and February 4, 2013. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between February 6, 2012 and February 4, 2013.

May 1, 2013 - The lead plaintiff and lead counsel were appointed and all cases were consolidated and transferred to the U.S. District Court for the Western District of Kentucky.

March 25, 2013 - Lead plaintiff motions were filed.

January 24, 2013 - An investor in shares of Yum! Brands Inc (NYSE: YUM) filed a lawsuit in the U.S. District Court for the Central District of California against Yum! Brands Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between October 9, 2012 and January 7, 2013.

According to the complaint the plaintiff alleges on behalf of purchasers of Yum! Brands Inc (NYSE: YUM) publicly traded securities during the period between October 9, 2012 and January 7, 2013, that Yum! Brands Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements concerning the company's current and future business and financial condition.

The plaintiff claims that as a result of defendants' false and misleading statements, Yum! Brands Inc (NYSE: YUM) common stock traded at artificially inflated prices between October 9, 2012 and January 7, 2013, reaching over $74 per share.

On October 9, 2012, Yum! Brands Inc (NYSE: YUM) reported results for the third quarter ended September 8, 2012. Among other things, Yum! Brands Inc said that in China its category-leading brands and competitive positions are stronger than ever and that the strong performance, combined with its new expectation to open over 750 high-return new restaurants this year, further demonstrates why Yum! Brands Inc is so confident in the long-term growth of its China business.

Then on November 29, 2012, Yum! Brands Inc announced its Full-Year 2013 expectations and reconfirmed its full-year 2012 EPS growth forecast. Among other things, Yum! Brands Inc said that for the fourth quarter the operating performance from Yum! Restaurants International and its U.S. division is offsetting softer sales in China, where it now expected same-store sales to be negative.

Shares of Yum! Brands Inc (NYSE: YUM) declined from $74.47 per share on November 29, 2012 to $65.89 per share on December 4, 2012.

Then on December 21, 2012, Yum! Brands Inc disclosed that it is cooperating fully with the Chinese government's review of two poultry suppliers who provided chicken with unapproved levels of antibiotics to KFC.

Shares of Yum! Brands Inc (NYSE: YUM) declined on December 21, 2012, to as low as $63.50 per share.

On January 24, 2013, Yum! Brands Inc (NYSE: YUM) shares closed at $66.39 per share.