November 27, 2018 - The case was voluntarily dismissed.
October 4, 2018 - An investor, who currently holds shares of Zoe’s Kitchen, Inc. (NYSE: ZOES), filed a lawsuit against the takeover of Zoe’s Kitchen, Inc.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: ZOES stockholders by agreeing to sell Zoe’s Kitchen, Inc. cheaply via an unfair process.

On August 17, 2018, Zoe's Kitchen, Inc. (NYSE: ZOES) announced that it has entered into an agreement to be acquired in a transaction by privately held Cava Group, Inc..
Under the terms of the agreement, Zoe's Kitchen, Inc. (NYSE: ZOES) shareholders will receive $12.75 in cash for each share of common stock they hold.

However, plaintiff claims that the proposed consideration NYSE: ZOES shareholders will receive is grossly inadequate and undervalues Zoe's Kitchen, Inc. Indeed, at least one analyst has set the high target price for NYSE: ZOES shares at $13.00 per share. Zoe's Kitchen, Inc. reported that its annual Total Revenue rose from $275.96 million in 2016 to $314.1 million in 2017. Shares of Zoe's Kitchen, Inc. (NYSE: ZOES) reached as high as $45.40 per share in July 2015. In addition, the plaintiff alleges that the process is also unfair NYSE: ZOES stockholders