Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Del Taco Restaurants Inc (NASDAQ: TACO) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Del Taco Restaurants Inc (NASDAQ: TACO) concerning whether a series of statements by Del Taco Restaurants Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 12, 2017, a report released by Seeking Alpha stated that Del Taco overstated its EBITDA by as much as 20% and Net Income by as much as 38% by capitalizing normal expenses and understating the true cost of opening new franchises.
Following this news, NASDAQ: TACO fell during intraday trading on April 12, 2017.
Based in Lake Forest, CA, and founded in 1964 Del Taco Restaurants Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States.
If you purchased shares of Del Taco Restaurants Inc (NASDAQ: TACO) on or before April 12, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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