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Waitr Holdings Inc

Case Summary

Waitr Holdings Inc Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 08/17/2020 (Date of last review)

Filing Date: September 26, 2019

According to the Complaint, Waitr purports to be a leading online food ordering and delivery service connecting local restaurants to diners in underserved markets via its website and mobile application Waitrapp.com. Prior to being acquired by Landcadia, there was no public market for Old-Waitr common stock. Immediately following the acquisition of Old-Waitr by Landcadia, on November 16, 2018, Landcadia changed its name to Waitr and shares of the new combined entity Waitr began trading on the Nasdaq under the symbol “WTRH.”

The Complaint alleges that during the Class Period, Defendants materially misled the investing public, thereby inflating the price of the Company’s securities, by publicly issuing false and misleading statements and omitting to disclose material facts necessary to make Defendants’ statements not false and misleading.

On August 17, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.

Company & Securities Information

Defendant: Waitr Holdings Inc

COMPANY INFORMATION:

Sector: Services
Industry: Business Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: WTRH
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Walter Welch, et al. v. Meaux, et al.

COURT: W.D. Louisiana
DOCKET #: 19-CV-01260
JUDGE: Hon. Terry A Doughty
DATE FILED: 09/26/2019
CLASS PERIOD START: 05/17/2019
CLASS PERIOD END: 08/08/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Kahn Swick & Foti, LLC
  2. Lundy, Lundy, Soileau & South, LLP
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of Federal Securities Laws 09/26/2019
2 Walter Welch, Sean Barnard, and the Delivery Investor Group's Motion to Consolidate Related Actions, Appoint the Delivery Investor Group as Lead Plaintiff and Approve Proposed Lead Plaintiff's Choice of Counsel 11/26/2019
3 U.S. District Court Civil Docket 08/17/2020
4 Memorandum Ruling 08/17/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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