August 24, 2017
A New York federal judge on Thursday tossed a proposed securities fraud class action against La Quinta Holdings Inc. alleging the hotel chain didn't disclose a financial downturn ahead of a $550.8 million secondary public offering, ruling the investors bringing suit failed to plausibly allege any material misstatements or omissions.
July 22, 2016
A New York federal judge on Thursday named Kirby McInerney LLP lead counsel in a proposed class action alleging hotel chain La Quinta Holdings Inc., The Blackstone Group LLC and others failed to disclose a downturn in the chain’s financials ahead of the company's $550.8 million secondary public offering.
April 26, 2016
Hotel chain La Quinta Holdings Inc., The Blackstone Group LLC and others didn't disclose a downturn in demand for hotel rooms ahead of the company's $550.8 million secondary public offering, investors alleged in New York federal court Monday.