An investigation for investors in Grubhub Inc. (NYSE: GRUB) shares over potential securities laws violations by Grubhub Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/26/2019 -- An investigation was announced concerning potential securities laws violations by Grubhub Inc. in connection with certain financial statements.
Investors who purchased shares of Grubhub Inc. (NYSE: GRUB), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Grubhub Inc. (NYSE: GRUB regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chicago, IL based Grubhub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. On July 15, 2019, it was reported that Grubhub Inc. (NYSE: GRUB) registered more than 20,000 web domains, many matching the names of its restaurant customers without their permission. Another claim against the company alleges Grubhub charges erroneous fees to restaurants from phone orders generated through websites it operates. The Small Business Association is reportedly investigating these complaints and New York Senator Chuck Schumer recently demanded that Grubhub change its practices or he would seek the aid of the Federal Trade Commission. This press conference followed similar calls from New York City Council's Mark Gjonaj who asked New York Attorney General Letitia James to launch an antitrust investigation into the company.
Those who purchased shares of Grubhub Inc. (NYSE: GRUB) have certain options and should contact the Shareholders Foundation.
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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 conftact 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.
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