La Quinta Holdings Inc. ("La Quinta") owns, manages or has franchised 888 hotels in 48 U.S. States, Canada, Mexico, and Central and South America.

On January 18, 2018, La Quinta and Wyndham Worldwide Corporation ("Wyndham") announced that they had entered into a definitive Merger Agreement pursuant to which Wyndham will acquire La Quinta, minus its real estate assets, for $8.40 per share (the “Merger Consideration”). The deal is valued at approximately $1.95 billion and is expected to close in the second quarter of 2018.

The Complaint alleges that Defendants have violated Sections 14(a) and 20(a) of the Exchange Act by causing a materially incomplete and misleading preliminary Proxy Statement to be filed with the Securities and Exchange Commission on February 22, 2018.

On May 2, 2018, the Court issued an Order consolidating cases.

This case was voluntarily dismissed on October 1.