SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of La Quinta Holdings Inc. – LQ
NEW YORK, NY / CRWEPRESSRELEASE / September 18, 2015 /Pomerantz LLP is investigating claims on behalf of investors of La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether La Quinta and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On September 17, 2015, post-market, the company announced the resignation of CEO Wayne Goldberg, following a “mutual agreement” with the company’s board. Additionally, La Quinta reduced its 2015 revenue per available room guidance following weaker than expected demand in August and September.
On this news, the company’s stock has fallen as much as 17.24%, or 3.27, during intra-day trading on September 18, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.