Thieler Law Corp advises investors with losses exceeding $100,000 of the November 26, 2019 lead plaintiff deadline in a class action lawsuit filed against Waitr Holdings Inc (NASDAQ: WTRH) (“Waitr” or “the Company”). The suit is pending in the U.S. District Court for the Western District of Louisiana and investors, who purchased Waitr Holdings Inc securities between May 17, 2018 and August 8, 2019, and/or pursuant or traceable to Waitr’s November 2018 going public transaction with Landcadia or in its May 2019 secondary public offering (“SPO”) have until November 26, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Waitr 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 during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the  Company was not on the verge of profitability; it was not true that the Company was providing its services at a sustainable low take rate established at 15%; it was not true  that  Waitr was able to extract efficiencies from its full time fixed-rate labor force that was purported to allow the Company to offer its services at a lower rate than competitors; its software provided little or no competitive advantages and what first-mover advantage the Company claimed existed, was quickly squandered by the inability to obtain sophisticated high-level programmers and software engineers who could enable Waitr to refine and develop the software necessary to stay competitive in its market; it was not true  that Waitr maintained an adequate system of internal controls so as to report and eliminate material conflicts of interest; and as a result, Waitr’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On August 8, 2019, the company revealed disappointing financial and operational results for the second quarter of 2019. Furthermore, the Company revealed the resignation of its CEO.

Following this news, NASDAQ: WTRH drastically fell, causing investor harm.

If you were negatively impacted by your investment in Waitr Holdings Inc securities between May 17, 2018 and August 8, 2019 and/or pursuant or traceable to Waitr’s November 2018 going public transaction with Landcadia or in its May 2019 secondary public offering (“SPO”) 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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