NEW YORK, NY / ACCESSWIRE / October 11, 2019 / Pomerantz LLP is investigating claims on behalf of investors of Waitr Holdings, Inc. ("Waitr" or the "Company") (NASDAQ: WTRH). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Waitr and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 8, 2019, Waitr reported its financial and operating results for the second quarter of 2019. Waitr reported quarterly revenue of only $51.3 million, significantly short of the consensus estimate of $53.76 million, and lowered its fiscal year 2019 revenue guidance to a range of $210 to $220 million. In addition, Waitr announced the resignation of Christopher Meaux as the Company's Chief Executive Officer, effective immediately.
On this news, Waitr's stock price fell $1.87 per share, or 49.73%, to close at $1.89 on August 9, 2019.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP