San Diego, CA -- (SBWIRE) -- 10/05/2015 -- An investigation for shareholder in La Quinta Holdings Inc (NYSE:LQ) shares over potential securities laws violations by La Quinta Holdings in connection certain financial statements was announced.

Investors who purchased shares of La Quinta Holdings Inc (NYSE:LQ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by La Quinta Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

La Quinta Holdings Inc reported that its annual Total Revenue rose from $873.89 million in 2013 to $976.94 million in 2014 while its Net Income of $3.98 million in 2013 declined to a Net Loss of $337.30 million in 2014. Shares of La Quinta Holdings Inc (NYSE:LQ) grew from $16.38 per share in May 2014 to as high as $24.89 per share in May 2015.

On September 17, 2015, post-market, La Quinta Holdings Inc announced the resignation of CEO Wayne Goldberg, following a "mutual agreement" with the company's board. Additionally, La Quinta reduced its 2015 revenue per available room guidance following weaker than expected demand in August and September. Shares of La Quinta Holdings Inc (NYSE:LQ) declined to as low as $15.69 per share on September 18, 2015.

On October 1, 2015, NYSE:LQ shares closed at $15.85 per share.

Those who purchased NYSE:LQ 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