September 25, 2015 (Shareholders Foundation) - An investigation on behalf of investors of La Quinta Holdings Inc (NYSE:LQ) shares over potential securities laws violations by La Quinta Holdings and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of La Quinta Holdings Inc (NYSE:LQ) concerning 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.