According to the Complaint, Waitr Holdings Inc 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. Lead Plaintiff filed an amended Complaint on October 16. Defendants filed a Motion to Dismiss the amended Complaint on December 2. On August 10, 2022, the Court issued an Order granting Defendants' Motion to Dismiss. The case was dismissed with prejudice.