NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of La Quinta Holdings Inc. (“La Quinta”) (NYSE:LQ) pursuant to the Company’s Secondary Public Offering (the “SPO”) on or about March 24, 2015 or between February 25, 2015 and September 17, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired La Quinta securities pursuant to the SPO or between February 25, 2015 and September 17, 2015, your rights may be affected by this action. To get more information go to: http://www.zlk.com/pslra/la-quinta-holdings.
The complaint alleges, among other allegations, that documents filed in connection with the SPO failed to disclose material trends, events and/or uncertainties, including that: (a) the Company was experiencing declining customer demand in its key Texas market; (b) there were on-going disruptions caused by the transitioning of the Company’s call center operations; and (c) the Company 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experiencing declining customer demand and market share losses due in part to certain of La Quinta’s facilities being outdated and in need of major renovation, thus necessitating significant capital expenditures and operational disruptions.
If you suffered a loss in La Quinta you have until June 24, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/la-quinta-holdings.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.