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La Quinta Investor Sues Over $2B Sale To Wyndham

Law360 (March 12, 2018, 2:46 PM EDT) -- A stock investor in La Quinta Holdings Inc. hit the hospitality company with a putative class action Friday in Texas federal court over its nearly $2 billion acquisition by Wyndham Worldwide Corp., alleging that a proxy statement related to the proposed transaction is false and misleading.

Investor Jordan Rosenblatt sued La Quinta Holdings and the 10 members of its board of directors following the proxy statement’s filing with the U.S. Securities and Exchange Commission, alleging that the statement omits material information by neglecting to disclose financial projections and analyses...
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Case Title

Rosenblatt v. La Quinta Holdings, Inc. et al


Case Number

3:18-cv-00558

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

Ed Kinkeade

Date Filed

March 9, 2018

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