Bowlero

Bowlero CEO Tom Shannon on Wednesday called discrimination claims against the fast-growing bowling alley operator "absurd," but acknowledged the federal probe into those allegations may have hurt its stock price."These allegations are frankly absurd. They don't pass the sniff test. They don't pass any common sense," Shannon told CNBC's "Mad Money with Jim Cramer."The U.S. Equal Employment Opportunity Commission in January proposed to settle its sprawling investigation into age discrimination and retaliation claims against…

A Bowlero executive publicly addressed the sprawling federal discrimination probe the company is facing for the first time Wednesday after it reported another quarter of what it called record-breaking growth. Brett Parker, the company's outgoing chief financial officer and longtime number two to CEO Thomas Shannon, was asked about the investigation during an earnings call. The question came about a week after CNBC revealed authorities want to settle the investigation for $60 million. "There's been quite a bit of noise…

Bowlero, the buzzy bowling company that was one of the few successful stocks to emerge from the SPAC boom, is the subject of a sprawling federal investigation into age discrimination and retaliation that authorities now want to settle for $60 million, CNBC has learned.Negotiations over the settlement, proposed by the U.S. Equal Employment Opportunity Commission in early January, failed in April and the case is being referred to the EEOC's general counsel "for potential enforcement action," a letter sent by the EEOC shows.…