Investor Alert: Ademi & O'Reilly, LLP Investigates Possible Securities Fraud of Grubhub Inc.
MILWAUKEE, Oct. 30, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating possible securities fraud claims against Grubhub (NYSE: GRUB) resulting from inaccurate statements Grubhub made regarding its internal controls, business practices, financial statements and prospects.
Click here to learn more about the investigation: http://ademilaw.com/case/grubhub-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
The investigation focuses on whether Grubhub issued false and misleading statements regarding its internal controls, business practices and prospects. Specifically, since at least August 2019, (i) Grubhub's overall growth began trending noticeably lower than expectations and annual growth was slowing and returning to a more normal longer-term state in the low double digits, with multiple players all competing for the same new diners and order growth and (ii) Grubhub's customers were becoming "more promiscuous" with newer diners increasingly already having ordered on a competing online platforms, and existing diners increasingly ordering on multiple platforms, resulting in "a 300+ bps impact on our growth rate for the third quarter."
If you wish to obtain additional information or have information about this investigation of Grubhub, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, http://ademilaw.com/case/grubhub-inc.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Ademi & O'Reilly, LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com
SOURCE Ademi & O'Reilly, LLP
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