Domino’s shares plummet after company drops injunction against publication of critical GPS tracker film

March 4, 2016 4:29

Pizza giant Domino’s has blamed the publication of a film about its legal battle with a tech company for a sudden drop in its share price on Friday.

The film was made by a former communications student and the focus of an injunction filed last week by Domino’s which was today lifted by the NSW Supreme Court.

The injunction, which prohibited publication of the film, was granted a week ago. The film made by Phoebe Stuart-Carberry alleged Domino’s had breached technology patents supposedly owned by Precision Tracking, formerly a contractor to the company.

Domino’s shares dropped 6.59% to $54.81 today following the removal of the injunction.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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