Thieler Law Corp advises investors with losses exceeding $100,000 of the June 24, 2016 lead plaintiff deadline in a class action lawsuit filed against La Quinta Holdings Inc (NYSE: LQ) (“La Quinta” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased La Quinta Holdings Inc securities between February 25, 2015 and September 17, 2015, including in the March 24, 2015 secondary public offering, have until June 24, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased La Quinta Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 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 documents filed in connection with the SPO failed to disclose material trends, events and/or uncertainties, including that: La Quinta was experiencing declining customer demand in its key Texas market; there were on-going disruptions caused by the transitioning of the Company’s call center operations; and La Quinta was experiencing declining customer demand and market share losses due in part to certain of La Quinta’s facilities being outdated and in need of major renovation, thus necessitating significant capital expenditures and operational disruptions.

Furthermore, the complaint alleges that during the Class Period, defendants failed to disclose: that there was a material slowdown in demand for its hotel rooms in its key Texas market during the Class Period; La Quinta was experiencing disruptions associated with a "transition" of the Company's reservation call center, which was having a material adverse effect on the Company's operations; that La Quinta was facing market share losses and declining customer demand due, in part, to its outdated facilities; that a significant number of La Quinta's hotels were in need of major renovation, which would require significant capital expenditures and result in operational disruptions; that La Quinta had overstated the amounts buyers were willing to pay for certain of its properties; that the reasons mentioned above were reasonably likely to have a material adverse effect on La Quinta's future operating results; and that based on the foregoing, defendants lacked a reasonable basis for the Company's 2015 guidance and their positive statements about La Quinta's then-current business and future financial prospects.

On July 29, 2015, La Quinta revealed its second quarter 2015 financial results, reporting that its earnings had been adversely affected by a $4 million loss on the sale of a property and a $42 million impairment charge on the potential sale of 24 Company-owned hotels.

On September 17, 2015, La Quinta revealed that it had further reduced its 2015 financial guidance and that its President and Chief Executive Officer had stepped down from his leadership positions in the Company.

If you were negatively impacted by your investment in La Quinta Holdings Inc Securities between February 25, 2015 and September 17, 2015, including in the March 24, 2015 secondary public offering 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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