NEW YORK, Sept. 27, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at Sonic Corp. ("Sonic" or the "Company") (NASDAQ: SONC).
The investigation focuses on whether the Company's Board of Directors and/or its officers committed mismanagement and breached their fiduciary duties in connection with the Company suffering a data breach that may have affected approximately 5 million of its customers. Specifically, late on September 26, 2017, Brian Krebs, an independent journalist who investigates breaches, reported via his website KrebsOnSecurity ("the "Report") that the "[t]he ongoing breach may have led to a fire sale on millions of stolen credit and debit card accounts that are now being peddled in shadowy underground cybercrime stores[.]" According to the Report, the Company stated, in part, that "[Sonic's] credit card processor informed [the Company] last week of unusual activity regarding credit cards used at Sonic[.]"
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If you currently own Sonic stock and have continuously owned Sonic stock and would like to discuss your legal rights, please visit www.faruqilaw.com/SONC. You can also contact us by calling Nina Varindani toll free at (212) 983-9330 or Stuart J. Guber toll free at (215) 277-5770 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Sonic's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Nina Varindani
Telephone: (212) 983-9330
Attn: Stuart Guber
Telephone: (215) 277-5770
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