Energy News / Shareholders Foundation, Inc.

NASDAQ: WTRH Investor Alert: Deadline on November 26, 2019 in Lawsuit Against Waitr Holdings Inc.

Via: ReleaseWire

Updated 11:00 AM CST, Thu, November 14,2019

A Deadline is coming up on November 26, 2019 in the lawsuit for certain investors in Waitr Holdings Inc. (NASDAQ: WTRH) and NASDAQ: WTRH stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/14/2019 -- The Shareholders Foundation announced that a deadline is coming up on November 26, 2019 in the lawsuit filed for certain investors in NASDAQ: WTRH shares.

Investors who purchased shares of Waitr Holdings Inc. (NASDAQ: WTRH) have certain options and there are strict and short deadlines running. Deadline: November 26, 2019. NASDAQ: WTRH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Waitr Holdings Inc. (NASDAQ: WTRH) common shares between May 17, 2018 and August 8, 2019, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that the defendants pursuant or traceable to Waitr's November 2018 going public transaction with Landcadia, in its May 2019 SPO, and between May 17, 2018 and August 8, 2019made false and/or misleading statements and/or failed to disclose that the Company was not on the verge of profitability, that it was not true that the Company was providing its services at a sustainable low take rate established at 15%, that it was not true that Waitr was able to extract efficiencies from its full time fixed-rate labor force that was purported to allow the Company to offer its services at a lower rate than competitors, that its software provided little or no competitive advantages and what first-mover advantage the Company claimed existed, was quickly squandered by the inability to obtain sophisticated high-level programmers and software engineers who could enable Waitr to refine and develop the software necessary to stay competitive in its market, that it was not true that Waitr maintained an adequate system of internal controls so as to report and eliminate material conflicts of interest, and that as a result, Waitr's public statements were materially false and misleading at all relevant times

Those who purchased shares of Waitr Holdings Inc. (NASDAQ: WTRH) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-wtrh-investor-alert-deadline-on-november-26-2019-in-lawsuit-against-waitr-holdings-inc-1265434.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com