NEW YORK, April 13, 2017 /PRNewswire/ --Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Del Taco Restaurants, Inc. ("Del Taco" or the "Company") (NASDAQ: TACO).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, intraday on April 12, 2017, a report was published on Seeking Alpha alleging, among other things, that Del Taco overstated its earnings before interest, taxes, depreciation, and amortization ("EBITDA") and Net Income by capitalizing normal expenses and understating the true cost of opening new franchises. The report states that the figures were overstated by as much as 20% and 38%, respectively.
Request more information now by clicking here: www.faruqilaw.com/TACO. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Del Taco's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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