NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Del Taco Restaurants, Inc. (NASDAQ: TACO) resulting from allegations that Del Taco may have issued materially misleading business information to the investing public.
On April 12, 2017, Seeking Alpha published a report on Del Taco asserting, among other things, that it is overstating EBITDA by as much as 20% and Net Income by as much as 38% by capitalizing normal expenses and understating to Wall-Street the true cost of opening new franchises. On this news, shares of Del Taco fell sharply during intraday trading on April 12, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Del Taco investors. If you purchased shares of Del Taco on or before April 11, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1101.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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