An investigation on behalf of investors in El Pollo LoCo Holdings Inc (NASDAQ:LOCO) shares over potential wrongdoing at El Pollo LoCo Holdings Inc was announced and NASDAQ:LOCO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/30/2017 -- An investigation was announced for investors in NASDAQ:LOCO shares concerning possible breaches of fiduciary duties by certain El Pollo LoCo Holdings directors.
Investors who purchased shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain El Pollo LoCo Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
In August 2015, a lawsuit was filed against El Pollo LoCo Holdings Inc over alleged securities laws violations. The plaintiff alleged that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 15, 2015 and August 13, 2015 defendants made false and misleading statements and/or failed to disclose adverse information about El Pollo LoCo Holdings Inc's business and prospects, including that traffic at El Pollo Loco stores had declined substantially due to the removal of the value items from the restaurants' menu boards, and that as a result, comparable store sales were not growing at 3%, much less the 3% to 5% the defendants had led investors to believe they would grow in the second quarter of 2015.
Those who purchased shares of El Pollo LoCo Holdings Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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