KSF News, Updates, & Insights
KSF Appointed Lead Counsel in Waitr Holdings, Inc. Litigation
On August 17, 2020, the Hon. Kathleen Kay of the Western District of Louisiana approved the selection of KSF as Lead Counsel for the putative class in Welch v. Meaux, et al., No. 19-1260 (W.D. La). Plaintiffs allege that, throughout the Class Period (May 17, 2018 to August 8, 2019, inclusive), including in connection with the company’s going public transaction and secondary offering, Defendants made materially false and misleading statements about Waitr’s operations. When the truth was revealed, Waitr’s share price fell by 50%, damaging shareholders.