NEW YORK, June 17, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of La Quinta Holdings Inc. securities (NYSE:LQ) pursuant to and/or traceable to La Quinta’s Secondary Public Offering (the “SPO”), which commenced on or about March 24, 2015, or from February 25, 2015 through September 17, 2015 of the important June 24, 2016 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for La Quinta investors under the federal securities laws.
To join the La Quinta class action, go to the firm’s website at http://www.rosenlegal.com/cases-889.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants issued false and misleading statements to investors and/or failed to disclose that: (1) La Quinta was experiencing declining customer demand in its key Texas market; (2) there were on-going disruptions caused by the transitioning of La Quinta’s call center operations; (3) La Quinta was experiencing declining customer demand and market share losses due in part to certain of La Quinta’s facilities being outdated and in need of major renovation, thus necessitating significant capital expenditures and operational disruptions; and (4) as a result, La Quinta’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-889.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.