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A shareholder filed a class-action suit against Zoes Kitchen in a Delaware federal court to block the brand’s pending merger with Cava, claiming several Securities and Exchange Commission violations were committed in the acquisition.

According to an article in Restaurant Business Magazine, the suit alleges the Mediterranean fast-casual chain distributed “incomplete and misleading” information to shareholders surrounding the Cava deal and asks that the merger agreement is rescinded.

The $300 million deal between Cava and Zoes Kitchen was announced in August and is expected to close near the end of the year.

Read the full story here.

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Madeline Lena

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Madeline Lena

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Maddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories. 

Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.

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