An investigation on behalf of investors in NASDAQ:TACO shares was announced concerning potential violations ofsecurities laws by Del Taco Restaurants Inc and certain of its directors and officers.
Investors who purchased shares of Del Taco Restaurants Inc (NASDAQ:TACO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Del Taco Restaurants Inc (NASDAQ:TACO) concerning whether certain 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.
Del Taco Restaurants Inc reported that its Total Revenue rose from $424 million for the 52 weeks period that ended on December 29, 2015 to $452.08 million for the 53 weeks period that ended on January 3, 2017 and that its Net Income for those time periods increased from $4.76 million to $20.91 million.
On April 12, 2017, a report was published on alleging that Del Taco Restaurants Inc
(NASDAQ:TACO) overstated its EBITDA by as much as 20% and its income before taxes by as much as 38% by inappropriately capitalizing expenses related to store maintenance.
Shares of Del Taco Restaurants Inc (NASDAQ:TACO) closed on May 8, 2017 at $13.22 per share.
Those who purchased NASDAQ:TACO shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com