SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of El Pollo Loco Holdings, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of October 23, 2015 -- LOCO
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 09/01/15 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of (NASDAQ: LOCO) .
that a class action has commenced in the USDC for the Central District of California. To learn more :
or contact Joseph E. Levi, Esq. via email at or by telephone at (877) 363-5972.
The complaint alleges that during the Class Period, defendants made false and misleading statements and/or failed to disclose adverse information about El Pollo Loco's business and prospects, including that traffic at El Pollo Loco stores had declined substantially due to the removal of 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.
On August 13, 2015, El Pollo Loco issued a release announcing its second quarter 2015 results, disclosing that system-wide comparable restaurant sales had grown only 1.3% and reporting sales of just $89.5 million. Shares fell from a close of $18.36 per share on August 13, 2015, to a close of just $14.56 the following day.
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you be a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 01.09.2015 - 17:53 Uhr
Sprache: Deutsch
News-ID 417394
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