A class action lawsuit has been filed against Sydney-listed Guzman y Gomez in the US by a group of employees alleging failure to provide a 60-day notice on the closure of American operations, a court document has shown.
The Mexican-themed restaurant chain whose global growth plans powered a blockbuster sharemarket listing in 2024, last week said it was quitting the US due to poor sales.
"GYG is aware of legal action filed in the United States, and we are confident we have met all of our legal obligations to our U.S. employees," a spokesperson said.
"We are not in a position to provide further comment on this matter."
After jumping more than 7% to start the day, Guzman y Gomez shares are flat as we approach the end of trading on the ASX 200 for Monday.