The founder and largest shareholder of Papa Johns International sued the board and managing director of the Pizza Chain on Thursday to stop what he described as "the irreparable damage" they are causing to the company under a judicial filing.
John Schnatter is in an escalating battle with the company's board since retiring as chairman in July, after he said he was true of a racist slander during a media training call.
Schnatter sued CEO and CEO Steve Ritchie "to stop the irreparable harm that these individuals have suffered, according to Schnatter
because of their repeated and ongoing violations of the duties of loyalty and care they owe the company. To avoid this, Papa Johns did not immediately respond to a request for comment.
The lawsuit was filed in the Delaware court, and Schnatter asked the court to speed up the case.
On Thursday, the company publicly criticized Schnatter for attending one Meeting in July on a possible deal with the Wendy hamburg chain without Ritchie's presence, as the board had instructed.
Papa Johns' shares rose 0.9 percent on Friday to $ 46.50