Papa John's is pulling founder's image from marketing materials after outcry over racial slur

1:45 p.m.: This article was updated with Papa John’s stock movement.

11:05 a.m.: This article was updated with decisions by the University of Louisville and with Papa John’s stock movement.

8:15 a.m.: This article was updated with confirmation that Papa John’s has begun removing founder John Schnatter’s image from marketing materials.

This article was originally published at 7:20 a.m.