Thieler Law Corp advises investors with losses exceeding $100,000 of the October 23, 2015 lead plaintiff deadline in a class action lawsuit filed against El Pollo Loco Holdings Inc (NASDAQ: LOCO) (“El Pollo Loco” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased El Pollo Loco securities between May 15, 2015 and August 13, 2015, have until October 23, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased El Pollo Loco securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that traffic at El Pollo Loco stores dipped substantially due to the removal of value items from the restaurants' menu boards, and that as a result, comparable store sales were not increasing at 3%, much less the 3% to 5% the defendants had reported to investors that they believes they would grow in the second quarter of 2015.

On August 13, 2015, El Pollo Loco reported its second quarter 2015 results. They revealed that system-wide comparable restaurant sales had grown only 1.3% and reporting sales of just $89.5 million. Shares declined from a close of $18.36 per share on August 13, 2015, to a close of just $14.56 the following day.

If you were negatively impacted by your investment in El Pollo Loco securities between May 15, 2015 and August 13, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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