MILWAUKEE, Oct. 30, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating possible securities fraud claims
against Grubhub (NYSE: GRUB) resulting from inaccurate
statements Grubhub made regarding its internal controls, business
practices, financial statements and prospects.
Click here to learn more about the investigation:
http://ademilaw.com/case/grubhub-inc or call Guri Ademi toll-free at 866-264-3995. There is
no cost or obligation to you.
The investigation focuses on whether Grubhub issued false and
misleading statements regarding its internal controls, business
practices and prospects. Specifically, since at least
August 2019, (i) Grubhub's overall
growth began trending noticeably lower than expectations and annual
growth was slowing and returning to a more normal longer-term state
in the low double digits, with multiple players all competing for
the same new diners and order growth and (ii) Grubhub's customers
were becoming "more promiscuous" with newer diners increasingly
already having ordered on a competing online platforms, and
existing diners increasingly ordering on multiple platforms,
resulting in "a 300+ bps impact on our growth rate for the third
quarter."
If you wish to obtain additional information or have information
about this investigation of Grubhub, please contact Guri Ademi either at gademi@ademilaw.com or
toll-free: 866-264-3995, http://ademilaw.com/case/grubhub-inc.
We specialize in securities fraud and shareholder
litigation. For more information, please feel free to call
us. Attorney advertising. Prior results do not guarantee
similar outcomes.
Contact:
Ademi & O'Reilly, LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com
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SOURCE Ademi & O'Reilly, LLP