SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of ET and GRUB of Upcoming Deadlines

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WILMINGTON, Del., Jan. 15, 2020 (GLOBE NEWSWIRE) -- reminds investors of upcoming deadlines involving securities fraud class action lawsuits commenced against the following companies:

Class Period: February 25, 2017 – November 11, 2019Lead Plaintiff Deadline: January 20, 2020

According to the Complaint, on November 12, 2019, the reported that Energy Transfer’s Mariner East pipeline project was under investigation by the Federal Bureau of Investigation (“FBI”).  Citing interviews with current and former state employees, the reported that the FBI’s investigation “involves the permitting of the pipeline, whether [Pennsylvania Governor Tom] Wolf and his administration forced environmental protection staff to approve construction permits and whether Wolf or his administration received anything in return.”

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Class Period: July 30, 2019 – October 28, 2019Lead Plaintiff Deadline: January 20, 2020

According to the Complaint, on October 28, 2019, Grubhub announced deeply disappointing financial results for its third fiscal quarter of 2019.  The Company revealed that an important Company demand metric, daily average grubs, had actually fallen 6% sequentially despite an increase in active diners and the Company’s highly touted demand initiatives.  Defendants also slashed Grubhub’s 2019 earnings and revenue projections and stated that the Company would achieve only $100 million in EBITDA for 2020, more than 70% below market expectations.

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If you would like to discuss any of these lawsuits and your rights , please contact Seth D. Rigrodsky or Timothy J. MacFall toll-free at (888) 969-4242,  by e-mail at or at .

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.Seth D. RigrodskyTimothy J. MacFall(888) 969-4242(516) 683-3516Fax: (302) 654-7530

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Globe Newswire: 05:00 GMT Wednesday 15th January 2020

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