SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of La Quinta Holdings Inc.
NEW YORK, Sept. 18, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of La Quinta Holdings Inc. ("La Quinta" or the "Company") (NYSE: LQ -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
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 that the Board of Directors of the Company and Wayne Goldberg had mutually agreed that Mr. Goldberg would step down from his position as Chief Executive Officer of the Company and from any office at any affiliated entity of La Quinta and resign as a member of the Board effective September 15, 2015. Additionally, La Quinta reduced its 2015 revenue per available room guidance following weaker than expected demand in August and September.
Following this news, the company's stock fell $2.87, or 15.13%, during intraday trading to trade at $16.10 on September 18, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of La Quinta, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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