BALA CYNWYD, Pa., June 21, 2016 /PRNewswire/ -- Law Office of Brodsky & Smith, LLC announces an investigation of La Quinta Holdings, Inc. ("La Quinta" or the "Company") (NYSE -LQ- News) for potential violations of federal securities laws and breaches of the La Quinta Board's fiduciary duties.
Click here to learn more about the investigation http://brodsky-smith.com/1092-lq-la-quinta-holdings-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Southern District of New York related to the Company's Secondary Public Offering ("SPO"). The complaint alleges that the Defendants made false and misleading statements including failing to disclose: (1) that the Company was experiencing declining customer demand in its key Texas market; (2) that the Company had on-going disruptions caused by the transitioning of the Company's call center operations; and (3) the Company was experiencing declining customer demand and market losses due in part to certain of La Quinta's facilities being outdated and in need of major renovation, thus necessitating significant capital expenditures and operational disruptions.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 purchased shares of La Quinta either on or about March 24, 2015 or between February 25, 2015 and September 17, 2015, and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC before June 24, 2016, who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/1092-lq-la-quinta-holdings-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.
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SOURCE Brodsky & Smith, LLC