“52 former franchisees sue McDonald’s for racial discrimination”
September 1, 2020
“More than 50 former McDonald’s franchisees are suing the fast-food giant for racial discrimination, alleging it denied them the same opportunities as White operators and pushed them out of the system.
The 52 Black plaintiffs claim that McDonald’s violated federal anti-discrimination law and breached their contracts. They operated over 200 restaurants and exited the franchise between 2010 and 2020. The suit was filed Tuesday in a federal court in Illinois, where the company is headquartered…”
Short term investing in McDonald’s seems like a bad idea at the moment. There’s no telling how courts will react.